Overview
- Alt5 Sigma removed CEO Jonathan Hugh and COO Ron Pitters, appointing Tony Isaac as acting chief after earlier leadership suspensions.
- WLFI’s governance-backed program executed a $10 million repurchase of about 59 million tokens on CoW Swap with prior 98% community approval.
- The company’s shares have fallen roughly 80% since announcing the token-treasury strategy in August.
- U.S. regulators contacted the firm over unusual trading patterns, and the SEC ended a probe into WLFI investor Justin Sun after a $30 million investment as senators requested explanations.
- A Rwandan court in May convicted an Alt5-linked subsidiary of money laundering, with appeals filed by the parties involved.