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ALT5 Sigma, the treasury partner to the Trump family’s World Liberty Financial DeFi project, is facing another wave of controversy after reports emerged about in its SEC filing. This comes shortly after the company removed Acting CEO Jonathan Hugh and severed ties with COO Ron Pitters for undisclosed reasons.

The announcement of an “Official TRUMP Wallet” has created chaos within Trump-linked cryptocurrency businesses as the president’s family quickly distanced themselves from the project. Donald Trump Jr. clarified that the Trump Organization has “zero involvement” with the wallet product announced by Magic Eden and the TRUMP memecoin team.