ALT5 Sigma Corporation is a highly suspicious company. They originally started as a crypto mining farm but later claimed that a storm destroyed all of their hardware, forcing them to shut down operations.
After that, they jumped into a biotech business, which also failed miserably. On top of that, they reported a negative balance of around $29 million last year.
Now they have applied for a crypto exchange license in Lithuania and the Czech Republic, and at the same time, they are offering 1.5B WLFI shares as part of their so-called treasury strategy—holding about 7.5% of the supply. This is nothing but a new form of rugpull.
To make things worse, Eric Trump and other WLFI members are on the Board of Directors of ALT5 Sigma, even though the company’s past is filled with failures and heavy losses. 🚨
Eric trump is on board of directors in both wlfi and alt5.