The decline in the crypto market brings with it separations for firms struggling in difficult market conditions.
Those leaving include executives from Celsius Network, Voyager Digital, Kraken, Galaxy Digital, FTX, OpenSea and many others.
Resignations Continue at Crypto Companies
As companies continue to grapple with the bear market, many key crypto executives have stepped down from their posts.
Among the most notable departures are the executives of Celsius Network and Voyager Digital, which are making recovery plans after declaring bankruptcy in July. The CEO of the long-serving crypto exchange Kraken is also among those who surprised the market with his departure announcement.
These departures follow those leaving their posts in August, including MicroStrategy CEO Michael Saylor, Genesis CEO Michael Moro, and Alameda Research co-CEO Sam Trabucco.
In the news in The Block, important resigning executives were listed as follows:
- September 21: Jesse Powell of Kraken leaves as CEO.
- September 22: Robert Bogucki, co-chairman of business of Galaxy Digital, leaves for BH Digital.
- September 23: Voyager CFO Ashwin Prithipaul resigns.
- September 27: Alex Mashinsky, CEO of Celsius, resigns.
- September 27: Brett Harrison, President of FTX USA, moves into an advisory role.
- October 4: Celsius Network co-founder Daniel Leon leaves.
- October 7: OpenSea CFO Brian Roberts announces his departure less than a year later.
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