LedgerX Names Former Chief Tech Officer As New CEO

LedgerX introduced Friday co-founder and former chief expertise officer Zach Dexter has been named the brand new chief government of the bitcoin derivatives firm.

The firm suspended CEO Paul Chou and COO/CRO Juthica Chou final month, with no clarification. The two have been additionally co-founders of the corporate. Depository Trust and Clearing Corporation vice chairman Larry Thompson was named interim CEO and lead director of Ledger Holdings.

In an announcement, Thompson stated, “since my involvement with the company began, we have kept in close contact with all of the company’s stakeholders including employees, investors and regulators and have kept the CFTC fully apprised of the company’s actions including the recent funding.”

His statements would seem to battle with a letter despatched to LedgerX’s board and the CFTC Office of the Inspector General by a member of its board of administrators. In the letter, Nicholas Owen Gunden wrote that as an investor, he had obtained restricted communication possibility from the corporate, and was involved about its operations.

LedgerX additionally introduced that it closed a “significant” funding spherical “led by the company’s largest investors including Digital Finance Group.” The amount raised was not disclosed, even so the monetary resource power be accustomed carry on extra senior executives, the discharge stated.

Dexter was part of the LedgerX group for the primary 5 and a half years of the corporate’s operations, departure in May 2019 to hitch Mirror, a tech health startup.

Thompson and Dexter didn’t instantly reply to a request for remark.

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LedgerX Names Former Chief Tech Officer As New CEO

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