The Trump family-associated crypto company Alt5 Sigma has newly hired an auditing firm that does not hold a valid license

Techub News reports that, according to The Financial Times, the U.S.-listed crypto company Alt5 Sigma supported by the Trump family has not only failed to release quarterly financial reports on time since signing an agreement in August this year to acquire the crypto token WLFI issued by World Liberty Financial, a company under the Trump family, but has also changed its auditing firm this month. The newly hired accounting firm, Victor Mokuolu, has previously been fined by regulatory authorities and failed to pass peer review within the industry. According to registration documents from Texas, where the firm is registered, its license expired in August. Under state regulations, the firm is currently prohibited from conducting audits until its license is renewed. Board records show that founder Victor Mokuolu renewed his personal CPA license on August 31, but as of December 26, the firm’s license has not yet been renewed.

In response, Alt5 Sigma stated that its auditing firm “is undergoing peer review in accordance with the Texas State Board of Public Accountancy regulations, a process that will be completed by the end of January 2026, at which time the firm’s license is expected to be reinstated.” The statement added, “Until the firm’s license is reinstated, the auditing firm will not issue any review or audit reports on Alt5’s financial statements.”