Crypto Firm With Ties to Trumps Purges CEO Amid Legal Turmoil

A small company tied to a Trump family crypto project announced Wednesday that it dismissed members of its senior leadership following recent disclosures about longer-standing legal problems.

Las Vegas-based Alt5 Sigma Corp. severed ties with its acting chief executive officer Jonathan Hugh, according to a Wednesday filing, which said the decision was not related to specific misconduct. The filing said the company also parted ways with its chief operating officer, Ron Pitters, and appointed replacements for both men without detailing any reason for the moves.

Hugh, Pitters and a representative for Alt5 Sigma did not immediately respond to requests for ...