Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

“The Fed Will Be Forced to Cut Rates When Inflation Is High—That’s When You’ll See Bitcoin”

30/04/2026

AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

30/04/2026

Algorand Price Jumps on Google Quantum AI Nod, Leads Altcoin Rotation

30/04/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    “The Fed Will Be Forced to Cut Rates When Inflation Is High—That’s When You’ll See Bitcoin”

    30/04/2026

    Bitcoin Creator Turns 51 This Day

    30/04/2026

    Bitcoin price prediction as whales acquire 10,000 BTC

    30/04/2026

    Bitcoin to $400,000? Logarithmic Regression Lines Predict Unexpected Future

    30/04/2026

    Where Is ETH Headed if the $2.3K Support Cracks?

    29/04/2026

    Ethereum Price Tests $2,300 as Weak Spot Demand Points to $2,200 Retest

    29/04/2026

    Will Ethereum Foundation’s latest $48.9M move fuel more selling pressure ahead?

    28/04/2026

    Ethereum Price Climbs Gradually, Can Bulls Break $2,400 Barrier?

    28/04/2026

    Algorand Price Jumps on Google Quantum AI Nod, Leads Altcoin Rotation

    30/04/2026

    Is Chainlink The Most Undervalued Crypto? A Closer Look at LINK’s Metrics

    30/04/2026

    Chainlink Activity Surges; 8,000 LINK Exit Binance Among Largest Daily Trades

    30/04/2026

    Ondo Finance Price Climbs as Tokenized Stocks Platform Goes Live

    30/04/2026

    Are NFTs signaling a market shift? THESE indicators say yes

    28/04/2026

    Bored Ape NFT prices jump 81 percent as sales drop

    28/04/2026

    NFTs Attempt Another Comeback as Blue Chips Surge

    28/04/2026

    Pudgy Penguins, BAYC rally masks a shrinking NFT market as volumes and users fall

    27/04/2026

    “The Fed Will Be Forced to Cut Rates When Inflation Is High—That’s When You’ll See Bitcoin”

    30/04/2026

    AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

    30/04/2026

    Algorand Price Jumps on Google Quantum AI Nod, Leads Altcoin Rotation

    30/04/2026

    Trump DOJ Backs Elon Musk’s xAI in Fight Over Colorado AI Bias Law

    30/04/2026
  • Blockchain

    Binance pushes the ecosystem, but speculation is growing

    30/04/2026

    Why moving IP on-chain is right for the entertainment industry

    30/04/2026

    Anodos CEO Makes the Case for XRP Ledger as a Consumer Finance Layer

    30/04/2026

    Quack AI and mantle Partner for Gasless Stablecoin Settlement

    30/04/2026

    Ethereum L2s Overtake Mainnet as Value Capture Debate Deepens

    30/04/2026
  • DeFi

    Lista DAO Partners with Gauntlet to Empower Lending Vault Risk Management

    30/04/2026

    Kraken Pulls In $200 Million With App-Based DeFi Yield Bet

    30/04/2026

    Spark reported strong Q1 growth and gained momentum after Aave’s recent exploit crisis

    30/04/2026

    Sky Protocol moves to restructure treasury post-Genesis Capital close

    30/04/2026

    A crypto coalition releases technical proposal to save Aave users from a massive token exploit

    30/04/2026
  • Metaverse

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026
  • Regulation

    AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

    30/04/2026

    Leading Economists Reveal Their Fed Interest Rate Forecasts

    30/04/2026

    Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them

    30/04/2026

    Paxos Just Crossed $8 Billion in Issued Assets With 500% Year-Over-Year Growth

    30/04/2026

    Crypto Fundraising Surges, Eightco Holdings and Kast Dominate Weekly Rounds

    30/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Cuts XRP Pair with Mexican Peso as Ripple Partner Bitso Dominates the Region by 77,879%

    29/04/2026

    Wirex x Cardano Physical Card Debuts, Enabling Seamless In Store ADA Transactions

    29/04/2026

    Bitget exchange brings pre-IPO tokens to masses starting with SpaceX on Solana

    29/04/2026

    Anonymous Whale Deposits $150M in cbBTC to Coinbase, Signaling Major Market Confidence

    29/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    B.AI and CROSS Transform the Future of AI in Web3 Gaming

    28/04/2026

    Tomoland Partners With Anome Protocol To Advance Web3 Gaming Engagement With DeFi Applications

    25/04/2026

    GameFi is effectively dead as 93% of projects collapse

    23/04/2026

    More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan

    23/04/2026

    Big Tech’s multi-billion dollar AI bets are still on track as Mag 7 giants report earnings

    30/04/2026

    IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI

    29/04/2026

    Bitcoin miner Core Scientific shifts to AI with 1.5GW data center push

    28/04/2026

    Tether Develops New Bitcoin Mining Infrastructure with Modular Compute Systems to Control Energy, Cost, and Performance at Scale

    28/04/2026

    Trump DOJ Backs Elon Musk’s xAI in Fight Over Colorado AI Bias Law

    30/04/2026

    Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs

    30/04/2026

    US Banks Are Calling Senators Directly to Kill the CLARITY Act’s Stablecoin Yield Rule

    30/04/2026

    Crypto PAC Fellowship halts ads in Texas Senate race: Report

    30/04/2026

    “The Fed Will Be Forced to Cut Rates When Inflation Is High—That’s When You’ll See Bitcoin”

    30/04/2026

    AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

    30/04/2026

    Algorand Price Jumps on Google Quantum AI Nod, Leads Altcoin Rotation

    30/04/2026

    Trump DOJ Backs Elon Musk’s xAI in Fight Over Colorado AI Bias Law

    30/04/2026
  • MarketCap
NBTC News
Home»Legal»Alt5 Sigma hires auditor flagged for past regulatory penalties
Legal

Alt5 Sigma hires auditor flagged for past regulatory penalties

NBTCBy NBTC29/12/2025No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A US‑listed crypto company backed by the Trump family appointed an audit company whose license to practice had already expired earlier this year, according to the Financial Times.

The appointment puts Alt5 Sigma under sharper scrutiny as the company remains late on required financial filings and faces the risk of being removed from Nasdaq in 2025, the year Donald Trump is serving as president of the United States.

Alt5 Sigma, which is based in Las Vegas, has moved through several business identities before landing in crypto. The company began as an appliance recycling operation, later shifted into biotech, and now describes itself as a fintech focused on crypto infrastructure.

In August, it signed an agreement to buy crypto tokens issued by the Trump family’s World Liberty Financial. Eric Trump joined the company at that time as a board observer.

Alt5’s financial position grew unclear after the August deal when quarterly results were not filed on schedule, and management turnover followed. Then the auditor was replaced, and boom, Alt5 promoted a treasury strategy centered on holding World Liberty Financial’s $WLFI token.

Alt5’s audit company licensing lapse follows regulatory penalties

On December 8, Alt5 Sigma appointed Victor Mokuolu CPA PLLC as its new auditor. State filings in Texas show the company’s license expired in August. Under Texas rules, an audit company without an active license cannot perform audit work. As of December 26, the firm’s license had not been renewed.

Victor Mokuolu, the founder of the company, renewed his personal certified public accountant license on August 31. His license remained inactive at the end of December based on state board records.

Alt5 Sigma addressed the situation in a statement to the Financial Times. The company said its auditor was “undergoing a peer review per Texas State Board of Accountancy regulations and will be completed by the end of January 2026, at which point the auditor expects the license to be active.” Alt5 added, “No reviews or audits of Alt5’s financial statements will be issued by our auditor until the firm’s licence is active.”

Victor previously worked as an accountant in the oil and gas sector before launching his company in 2020. A recent regulatory filing lists about 30 small‑cap public companies as audit clients of the company.

The company has been trying to fix deficiencies for more than two years after receiving a failing grade in the accounting profession’s peer review process in 2023. Regulators have already taken action against Alt5.

In 2023, the Public Company Accounting Oversight Board fined the company $30,000 for failing to notify the regulator about six public company audits within the required 35‑day period. The Texas State Board of Public Accountancy imposed an additional $15,000 penalty for the same violations after repeated late filings.

Management exits and filing delays deepen company turmoil

The auditor change came during a period of disruption inside Alt5 Sigma. The company now refers to itself as “a fintech with a pioneering $WLFI digital asset treasury strategy.” The August deal committed the company to buying and holding large amounts of World Liberty Financial’s $WLFI token, while the Trump‑backed venture became an investor in the company.

As of December 8, Alt5 Sigma held roughly 7.3 billion $WLFI tokens. The holdings were valued at about $1.1 billion at that time.

Leadership changes followed quickly. Jonathan Hugh, who joined as chief financial officer when the Trump deal was announced, left after three months. The company also parted ways with chief executive Peter Tassiopoulos in October. Board member David Danziger resigned last month, leaving the company in violation of Nasdaq rules that require an audit committee with a minimum size and accounting expertise.

The company is now at risk of being delisted from Nasdaq after failing to file quarterly results for the period ending in late September. Alt5 Sigma blamed the delay in part on the “timeliness and responsiveness” of its former auditor, which formally resigned in November.

Alt5 Sigma was incorporated in July 2024 by JanOne Inc, a biotech company that previously focused on developing treatments related to the opioid epidemic. JanOne merged with Alt5 Sigma and adopted its name in the same month. JanOne had already rebranded once before. In September 2019, it changed its name from Appliance Recycling Centers of America.

The company says it provides financial infrastructure that allows traditional financial institutions to connect with crypto markets. Since the August deal, the chair of Alt5 Sigma has been Zack Witkoff. Zack is a co‑founder of World Liberty Financial and the son of Steve Witkoff, Donald Trump’s special envoy for peace negotiations.

In August, Alt5 Sigma disclosed to US regulators that its Canadian subsidiary and a former principal were found criminally liable by a Rwandan court in May for offences including illicit enrichment and money laundering. Alt5 Sigma Canada and Andre Beauchesne appealed the ruling to the High Court of Kigali in June. The case remains under judicial review. Both the company unit and Andre denied wrongdoing and said they were victims of fraud.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Trump DOJ Backs Elon Musk’s xAI in Fight Over Colorado AI Bias Law

30/04/2026

Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs

30/04/2026

US Banks Are Calling Senators Directly to Kill the CLARITY Act’s Stablecoin Yield Rule

30/04/2026

Crypto PAC Fellowship halts ads in Texas Senate race: Report

30/04/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

“The Fed Will Be Forced to Cut Rates When Inflation Is High—That’s When You’ll See Bitcoin”

30/04/2026

AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

30/04/2026

Algorand Price Jumps on Google Quantum AI Nod, Leads Altcoin Rotation

30/04/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.