Digital Asset exodus continues as senior board member and exec depart

People • March 15, 2019, 4:00AM EDT
UPDATED: March 15, 2019, 7:08PM EDT
The Block

Sallie Krawcheck, former CFO at Citi, has stepped down from Digital Asset's board of directors, alongside exec Sofus Mortensen, CoinDesk reported Thursday.

The industrial blockchain-provider declined to comment but the article pointed to the disappearance of Krawcheck's name on the company's website as well as to Mortensen's LinkedIn profile, which confirms his exit as "product manager for DAML," the company's smart contract language. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Their reported departures follow the resignation of former CEO, Blythe Masters late last year, as well as that of European chief Gavin Wells and their recently-hired CTO James Powell last month. The Block heard from a company source last week who hinted Krawcheck's departure was "fake news" and blamed competitors for spreading rumours.

Krawcheck joined the board in March 2016, on the eve of a fundraising round which brought in over $60 million. She is currently CEO of Ellevest, the digital investment platform for women she founded, having previously served as CEO of Bank of America Wealth Management.

 Digital Asset has 175 employees working in six locations across the world.

About Author

Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

More by Isabel Woodford