These Crypto Executives Have Stepped Down Since the Market Crash in May

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A surprising number of crypto chief executives from top companies have resigned from their positions since the market crash in May.

from his role as CEO of MicroStrategy after serving as executive officer for over three decades. Nonetheless, Saylor’s resignation as CEO allows him to focus on the firm’s Bitcoin strategy.130,000 BTC bought for $3.98 billion, topping the list of publicly traded entities with Bitcoin investments.his position as CEO of Genesis after the crypto brokerage firm slashed 20% of its workforce to cut costs amid the bear market.

the list of crypto executives stepping down from their position. He served the crypto exchange for over a decade and will continue to do so as board chairman.and Celsius CEO Alex Mashinsky followed in Powell’s footsteps, leaving their positions at their respective firms. The outgoing president, who has worked for the firm for more than 18 months, said he helped transform FTX US from a three-person team to a workforce of more than 100 dedicated employees from tech, business development, legal, and customer service.came a couple of months after Celsius filed for Chapter 11 Bankruptcy Protection at the US Bankruptcy Court for the Southern District of New York due to a severe liquidity crunch during the Terra fiasco.

 

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