Against the backdrop of growing uncertainty and continued turbulence in the digital asset market, a number of leading companies in the cryptocurrency industry are reporting a change in top management.
New York Digital Investment Group (NYDIG) has notified users that current CEO Robert Gutmann and President Yan Zhao will step down and be replaced by Tejas Shah and Nate Conrad ). The company specified: Gutmann and Zhao will focus on building a business portfolio for the management company Stone Ridge Holdings Group, the parent company of NYDIG.
NYDIG does not comment on the real reason for the resignation of the leaders. According to a filing last week with the U.S. Securities and Exchange Commission (SEC), NYDIG attracted
over $720 million for its institutional digital asset fund NYDIG Institutional Bitcoin Fund LP. The amount was received from 59 investors who contributed an average of $12 million each.
Also, Celsius founder and CEO Alex Mashinsky resigned last week, allegedly due to pressure from the Celsius Committee of Unsecured Creditors following the company’s bankruptcy.
Earlier, Jesse Powell, co-founder of the Kraken cryptocurrency exchange, announced his intention to step down as CEO.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
