CEO exodus: A number of crypto CEOs stepped down from their roles in recent weeks. This has prompted companies to look for new talent elsewhere, or from within.
The bear market and an economic recession seems well underway. At least six CEOs have left their jobs since August. These include Michael Moro of Genesis Trading, Sam Trabucco of digital asset trading firm Alameda Research, Jesse Powell of crypto exchange Kraken, Alex Mashinsky of brankrupt Celsius Network, and Brett Harrison, president of FTX U.S.
Perhaps the most notable resignation was that of MicroStrategy’s Michael Saylor, a staunch Bitcoin advocate. The news came as the firm reported a second-quarter loss of $1.06 billion. This is largely due to an impairment charge of $917 million based on the value of its BTC holdings.
CEO exodus: Leaving the jobs they love
All CEOs gave different reasons for quitting the jobs they once loved, positions they held for many years. Mashinsky regrets running the company into the ground,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...