CoinDesk’s new owner, Bullish, has started a significant reorganization that includes removing CEO Kevin Worth. Sara Stratoberdha, a former Bullish business development head, will succeed Worth as the media platform’s next CEO.
CoinDesk says, “CoinDesk will operate as an independent subsidiary of Bullish and Sara is committed to maintaining CoinDesk’s journalistic independence and integrity.”
After Digital Currency Group (DCG), the outlet’s previous owner experienced financial difficulties as a result of the FTX debacle, Bullish acquired CoinDesk in November.
The cryptocurrency giant shut down its wealth section in January 2023, and Genesis Global, its lending subsidiary, filed for Chapter 11 bankruptcy protection.
Attorney General Letitia James of New York increased the scope of her fraud case against DCG on Friday, accusing the company of causing investor losses of up to US$3 billion. The Attorney General’s office had charged DCG and its bankrupt lending platform with $1 billion worth of fraud in the initial civil case.
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