NASDAQ-listed company Sigma's gamble on WLFI Token backfires: stock price falls 80%, executives flee, CEO's money laundering history exposed.

2025-11-27 04:40:24

[Coin World] A Nasdaq-listed alternative digital asset company, Sigma, has recently turned itself into a soap opera by going all in on a Token project WLFI endorsed by the Trump family. The stock price has slumped 50% and then slumped again, evaporating 80%.

Even more explosive is that the company is in complete disarray internally—several executives are either fleeing voluntarily or being fired. Employees have received internal warnings that they might face lawsuits, and regulators have begun to keep an eye on them. After the news of the CEO's suspension broke, it was revealed that this boss had a prior money laundering conviction in Rwanda that had never been made public, and the company's governance is simply suffocatingly transparent.

Originally, Sigma painted a big picture, saying they would invest $1.5 billion to reserve for WLFI. Now, investors' confidence has collapsed faster than Luna. This incident has also sounded the alarm for the entire industry: the waters of digital assets are treacherous, and if the capital management strategy goes slightly wrong, it could lead to irreparable consequences. After all, the eyes of regulation are even more scrutinizing than blockchain explorers.

WLFI-0.32%

LUNA38.45%

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DoomCanister

· 11-30 03:20

It's the same old routine... Do you really believe in the coins backed by Trump? Wake up, dude. --- The CEO has a history of money laundering and is still in position? That's really disappointing. --- An 80% fall is indeed exaggerated, the sense of déjà vu from Luna is overwhelming. --- The corporate governance is truly amazing, it seems the executives are playing a runaway game. --- Going all in on a coin and daring to go public for financing? Have you lost your mind? --- The $1.5 billion pie has now turned into a meat pie, investors are really losing this time. --- Why do these people always think they can "achieve their dreams" in the crypto world, only for their dreams to turn into nightmares? --- Regulatory scrutiny is well-deserved, it should be dealt with this way. --- The detail about the Rwandan money laundering history is truly absurd, how can they still have the audacity to be CEO? --- The whole industry is just like this, when will it finally settle down?

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ApeWithAPlan

· 11-30 00:30

It's the same trap again, going all in on a project will lead to failure, Sigma really messed up this time.

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OnChainSleuth

· 11-28 22:19

It's the gambler's mentality that has harmed oneself again, going all in on a coin is equivalent to going all in on risk. What kind of background does this CEO have? Can a money laundering case in Rwanda still go public? Is the regulation this loose? Haven't we learned enough from Luna's lesson? Must we replay it? 1.5 billion dollars wasted, investors should wake up. Even Trump's endorsement can't save this mess, it's laughable. It's ridiculous that the executives are rug pulling, indicating they have no confidence. Another "innovative" project's corpse, just to note it down. This is the state of Web3, BTC paired with a money laundering record. The stock price has slumped 50% twice, and it's the retail investors who are losing money. What exactly is this WLFI coin? How can it be so deceptive?

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ImpermanentTherapist

· 11-27 16:16

Another all-in dream shattered, and this time it also involves a Money Laundering conviction, it's really absurd.

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CryptoFortuneTeller

· 11-27 05:10

This is why I never touch projects backed by celebrities, no matter how big they are. And how did the money laundering history in Rwanda just come to light? It's really absurd. We still haven't learned our lesson from the Luna incident... Is this CEO trying to set a new record? 80% isn't enough? Wait, did 1.5 billion dollars just go down the drain like that? Investors must be so speechless. Come on, it's the old trick of executives pulling a Rug Pull again, why is no one getting smarter in this industry? Even being listed on NASDAQ can't prevent a crash, what does that indicate, everyone? Not even Trump's endorsement can save it, to put it bluntly, it's just a scamcoin trap.

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tx_or_didn't_happen

· 11-27 05:10

Oh no, another story of all in and all out, the WLFI pit is quite deep. --- How can a CEO with a money laundering record go public? What did the auditors eat? --- Haven't we learned enough from Luna's lessons? Must we reenact it again? --- 80% evaporation, investors are probably thinking about smashing their computers now. --- With Trump backing it, daring to go all in for 1.5 billion, what a warrior. --- I saw this move of the executives rug pulling a long time ago. --- Sigma's operation could be considered a textbook example of a counterexample. --- How could Rwanda's money laundering record be hidden for so long? Corporate governance. --- So what's the price of WLFI now? I bet five bucks it's close to 0. --- It's another one of these plots, why does the crypto world love to repeat these jokes?

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AirdropNinja

· 11-27 05:08

Here comes another great show, the Trump-related tokens are truly the strongest tools for playing people for suckers. Sigma's recent operation is absolutely insane, pouring 1.5 billion in only to get nothing in return, and the management can still calmly execute a Rug Pull, truly worthy of a publicly listed company. How can the CEO hide something as serious as a Money Laundering record? What happened to the promised transparent governance? Haven't they learned enough from Luna's lessons? These guys just have to repeat the play. It seems that no amount of money can withstand going all in on a popular coin; they truly deserve this. Share prices have slumped by 50% and then again, investors must be crying their eyes out. Executives actively executing a Rug Pull, isn’t this just telling us their pants are down? 1.5 billion dollars just disappeared like that; how many years will it take for me to earn this salary? Don't follow the trend of these Trump-related projects, they really don’t hold back when it comes to playing people for suckers. After Luna, how can they still dare to play like this? How reckless can they be?

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NFTArchaeologis

· 11-27 05:07

This is a typical case of a "digital artifact" appraisal failure. Once thought to be holding genuine items, it turned out they were all replicas. Sigma's collapse is more ironic than some of the discovered fake antiques—once the funding chain broke, the truth surfaced.

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HodlAndChill

· 11-27 05:05

Another good show, all in on a coin can kill a listed company, how powerful must that be? The CEO has a history of Money Laundering, it's really unbelievable. How can such players still list on Nasdaq? Rekt 80%, investors must be collectively smashing their keyboards. 1.5 billion dollars down the drain, this is called creative financing. Haven't learned the lesson from Luna, must go through it again, this industry is really interesting. To be honest, the WLFI project has never been reliable, how can anyone still dare to go all in? The small investors are the ones who get played people for suckers the hardest, that's the most ironic part. Regulators should take action, this kind of operation is really bad.

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CexIsBad

· 11-27 05:01

Laughing to death, going all in on a coin could bankrupt a Nasdaq company, how capable must one be? --- Rwanda money laundering history? How come all these shady operations are infiltrating crypto? --- Luna is still laughing at Zhu Kezhen, and Sigma has arrived again. --- 1.5 billion USD down the drain, investors must be crying in the bathroom. --- CEO rug pull, executives getting fired, is this what they call a "perfect exit"? --- Nasdaq has also fallen, truly unexpected. --- A coin endorsed by Trump? I just laugh and say nothing. --- Regulation only comes after an 80% stock price big dump, this timing is a bit late. --- Another "transparent corporate governance" crash site, my blood pressure has risen again. --- Mismanagement of funds = off to jail together, right?

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