A US-listed cryptocurrency venture backed by the Trump family has fired an auditor it had hired earlier this month after the Financial Times inquired about its lack of a licence to operate.
Alt5 Sigma, a Las Vegas-based recycling business-turned-biotech-turned blockchain company, in August signed a deal to buy crypto tokens issued by the Trump family’s World Liberty Financial, with Eric Trump joining as a board observer.
But Alt5 Sigma’s financial position has become murky since the deal was announced after it failed to produce quarterly results on time and switched auditors this month to a firm that has been fined by accounting regulators and failed an inspection under the industry’s peer review process.
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