PANews reported on October 23rd that Alt5 Sigma Corporation (NASDAQ: ALTS)'s latest 8-K filing revealed that the company's board of directors suspended CEO Peter Tassiopoulos and relieved him of his duties on October 16th, effective immediately, and placed him on paid leave. Chief Financial Officer Jonathan Hugh has taken over as acting CEO while continuing to perform his existing duties.

Previous reports indicated that Alt5 Sigma had originally planned to add Eric Trump to its board of directors, but after discussions with Nasdaq, decided to retain him as an observer. The specific reasons were not disclosed. On September 6th, the company also announced that it holds over 7.28 billion WLFI tokens, with a total value of approximately $1.31 billion.