Morningstar

Alt5 Sigma CEO Peter Tassiopoulos Suspended

Provided by Dow Jones Oct 22, 2025, 11:23:00 PM

By Katherine Hamilton

Alt5 Sigma has suspended and ousted Chief Executive Peter Tassiopoulos.

Jonathan Hugh was named acting CEO while continuing in his current position as chief financial officer.

Tassiopoulos was appointed chief executive in August 2024.

Alt5 does business as a cryptocurrency treasury, accumulating World Liberty's crypto. As of Wednesday's close, shares had lost 60% of their value. The stock dropped another 9% to $1.88 in after-hours trading.

In mid-August, the company said it agreed to offer 100 million shares at a purchase price of $7.50 a share.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

October 22, 2025 19:23 ET (23:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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