Alt5 Sigma Cuts Management Following Major Trump Token Deal
Date: 2025-11-28 Author: Oliver Abernathy Categories: BUSINESS
The deal, concluded in August 2025, resulted in Zachary Witkoff, son of US Special Presidential Envoy Steve Witkoff, becoming chairman of Alt5 Sigma's board, and Eric Trump, son of the current US president, joining the company's board. This was part of Alt5 Sigma's strategy to actively participate in the cryptocurrency business, which began in the fall of 2024, when the company decided to emulate Michael Saylor's Strategy approach and build a portfolio of digital assets.
However, the company's operations have been complicated by legal issues: back in May 2025, Alt5 Sigma was found guilty of money laundering in Rwanda. An appeal is currently underway, with lawyers claiming that the executives were victims of fraudulent schemes.
Amid these events, personnel changes occurred: about a month ago, Peter Tassiopoulos resigned as CEO after serving for about a year, with no reasons disclosed. Longtime company president Tony Isaac has been appointed interim CEO.
Eric Trump previously attributed his interest in cryptocurrencies to his family's experience with bank denials, prompting Alt5 Sigma to develop its own digital initiatives. Today, the company continues to actively invest in cryptocurrencies, pursuing a strategy of accumulating and diversifying its portfolio.
Alt5 Sigma thus remains at the center of attention in the financial and crypto markets, juggling large-scale investments in the Trump family's tokens with internal management changes and legal challenges. These events highlight how dynamic and complex the environment remains for public companies operating in digital assets.
