Crypto Crash Sparks C-Suite Exodus At Firms From FTX to Kraken – Bloomberg

Crypto Crash Sparks C-Suite Exodus At Firms From FTX to Kraken – Bloomberg

Blockchain Crypto Market Technology
November 7, 2022 by Coinvasity
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Bloomberg Daybreak Asia. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
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After a period of tumult that is still shaking crypto companies to the core, a wave of management turnover is now sweeping across the industry.
More than two dozen high-ranking executives have stepped aside from key posts in the past two months alone. Clockwise from top left: Alex Mashinsky, Sam Trabucco, Michael Moro, Michael Saylor, Jesse Powell and Aya Kantorovich.
Photo Illustration: 731; Getty (7)
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The convulsions that set the cryptocurrency market tumbling earlier this year and delivered shock waves through the industry have subsided. Now comes the shakeup in the C-suite.
More than two dozen high-ranking executives — from Alex Mashinsky, the charismatic and controversial co-founder of now-bankrupt crypto lender Celsius Network to Brett Harrison of digital-asset exchange FTX US and Jesse Powell, the outspoken head of FTX’s rival Kraken — have vacated their posts in the past two months alone.

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