Trump-Backed Crypto Firm Alt5 Sigma Faces Audit Questions
ALT5 Sigma, a Nasdaq-listed cryptocurrency firm with ties to the Trump family, is under scrutiny for financial irregularities and auditor qualifications. The company missed its September quarterly filing deadline, risking Nasdaq delisting.
Victor Mokuolu CPA PLLC, the newly appointed auditor, operates with an expired firm license. While founder Victor Mokuolu renewed his personal CPA license in August, the firm remains unauthorized to conduct audits until reinstatement. ALT5 Sigma stated no financial reviews will be issued before completing a mandatory peer review by January 2026.
The situation highlights ongoing regulatory challenges in crypto finance. Market participants watch closely as compliance issues intersect with high-profile political connections in the digital asset space.
