Alt5 Sigma Suspends CEO Peter Tassiopoulos, Appoints Jonathan Hugh as Interim Leader

Core Viewpoint - ALT5 Sigma has suspended CEO Peter Tassiopoulos and appointed CFO Jonathan Hugh as interim CEO, with no reason provided for the decision [1][2]. Company Overview - ALT5 Sigma is a developer of digital asset trading platforms, focusing on providing tools for institutions and fintech companies to access cryptocurrency markets [2]. - The company is based in Las Vegas and has been involved in digital asset management and restructuring its health-care division [2]. Leadership Changes - Tassiopoulos was appointed CEO just over a year ago, with a focus on guiding the company's expansion in digital asset management [2]. - The board, led by World Liberty Financial co-founder Zach Witkoff, made the decision to remove Tassiopoulos from his position [1]. Financial Position - ALT5 Sigma holds approximately 7.28 billion WLFI tokens, which represents around 7.3% of the total supply [3]. - The current value of this treasury is estimated to be around $1.5 billion based on WLFI's current prices [3].