[ALT5 Sigma Under Investigation for Disclosure Issues, Involving Trump Family Crypto Project]
On November 22, according to Forbes, ALT5 Sigma, a partner of the Trump family crypto project 'World Liberty Financial' (WLFI Reserve), is under investigation for disclosure issues. In documents submitted to the U.S. Securities and Exchange Commission (SEC), ALT5 Sigma stated that its CEO was officially suspended on October 16. However, internal emails reveal that the company’s board of directors had already placed the CEO on 'temporary leave' as early as September 4. Several securities regulation experts have pointed out that this time discrepancy may violate disclosure rules. The same email also indicated that Chief Revenue Officer Vay Tham was placed on leave as well, as the board’s special committee is investigating 'certain matters related to the company.'
Additionally, in August of this year, ALT5 Sigma accumulated $1.5 billion worth of WLFI tokens through a series of circular transactions, with over $500 million reportedly flowing to entities linked to President Trump.
