LedgerX announced Friday that co-founder and former chief know-how officer Zach Dexter has been named the brand new CEO of the bitcoin derivatives
LedgerX announced Friday that co-founder and former chief know-how officer Zach Dexter has been named the brand new CEO of the bitcoin derivatives firm.
The corporate suspended CEO Paul Chou and COO/CRO Juthica Chou final month, with no clarification. The 2 had been additionally co-founders of the corporate. Depository Belief and Clearing Company vice chairman Larry Thompson was named interim CEO and lead director of Ledger Holdings.
In a press release, Thompson mentioned, “since my involvement with the corporate started, we’ve got saved in shut contact with all the firm’s stakeholders together with staff, buyers and regulators and have saved the CFTC absolutely apprised of the corporate’s actions together with the latest financing.”
His statements would appear to conflict with a letter despatched to LedgerX’s board and the CFTC Workplace of the Inspector Normal by a member of its board of administrators. Within the letter, Nicholas Owen Gunden wrote that as an investor, he had obtained restricted communications from the corporate, and was involved about its operations.
LedgerX additionally introduced that it closed a “important” financing spherical “led by the corporate’s largest buyers together with Digital Finance Group.” The quantity raised was not disclosed, however the funds might be used to convey on extra senior executives, the discharge mentioned.
Dexter was part of the LedgerX crew for the primary 5 and a half years of the corporate’s operations, leaving in Might 2019 to affix Mirror, a tech health startup.
Thompson and Dexter didn’t instantly reply to a request for remark.
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