<p><span data-contrast="none">A string of notable crypto executive shakeups continued through September into October as companies continued to grapple with the bear market. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Two of the most high-profile departures involved executives from Celsius Network and Voyager Digital, which continue to pick up the pieces after declaring bankruptcy in July.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> Long time CEO and founder of crypto exchange Kraken also surprised the market with his departure announcement. </span></p> <p><span data-contrast="none">These departures follow a wave of crypto executives leaving their posts in August, including MicroStrategy CEO </span><a href="https://www.theblock.co/post/161025/michael-saylor-to-step-down-as-microstrategy-ceo-shift-to-executive-chairman-role"><span data-contrast="none">Michael Saylor</span></a><span data-contrast="none">, Genesis CEO </span><a href="https://www.theblock.co/post/164014/genesis-ceo-michael-moro-steps-down-from-role-effective-immediately"><span data-contrast="none">Michael Moro</span></a><span data-contrast="none"> and Alameda Research co-CEO </span><a href="https://www.theblock.co/post/165564/alameda-research-co-ceo-trabucco-resigns"><span data-contrast="none">Sam Trabucco</span></a><span data-contrast="none">.</span></p> <p><span data-contrast="none">Here are some of the most notable exits The Block reported over the last month.</span></p> <p><b><span data-contrast="none">Sept. 21: Kraken's Jesse Powell steps down as CEO </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">The Block reported on Sept. 21 that Kraken CEO Jesse Powell would be </span><a href="https://www.theblock.co/post/171847/krakens-jesse-powell-stepping-down-as-ceo-of-crypto-exchange"><span data-contrast="none">leaving</span></a><span data-contrast="none"> his post at the crypto exchange after co-founding it in 2011. Former Chief Operating Officer David Ripley will step into the role in the next few months. Powell told Fortune that he wanted to spend more time on things he enjoyed, such as product development and industry advocacy work. He will continue to serve as chairman of the board for the crypto exchange.</span></p> <p><b><span data-contrast="none">Sept. 22: Galaxy Digital’s co-head of trading Robert Bogucki leaving for BH Digital </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Axios reported that Galaxy Digital’s Co-Head of Trading Robert Bogucki would be </span><a href="https://www.theblock.co/post/172335/galaxys-co-head-of-trading-to-depart-following-a-string-of-industry-exits-axios-reports"><span data-contrast="none">leaving</span></a><span data-contrast="none"> the company for BH Digital, the crypto division of hedge fund titan Alan Howard’s Brevan Howard. Bogucki's departure came after news in late August that the company’s co-head of investments Michael Jordan and other executives from Galaxy Digital and Genesis were launching a new fund called </span><a href="https://www.theblock.co/post/166463/top-execs-from-genesis-and-galaxy-are-raising-a-500-million-fund"><span data-contrast="none">DBA Crypto</span></a><span data-contrast="none">. </span></p> <p><b><span data-contrast="none">Sept. 23: Voyager CFO</span></b><b><span data-contrast="none"> Ashwin Prithipaul resigns</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Bankrupt lender Voyager </span><a href="https://www.theblock.co/post/172550/bankrupt-crypto-lender-voyagers-cfo-resigns%20Bankrupt%20crypto%20lender%20Voyager's%20CFO%20resigns"><span data-contrast="none">announced</span></a><span data-contrast="none"> on Sept. 23 that Chief Financial Officer Ashwin Prithipaul would be resigning to “pursue other opportunities.” He had held that position since May, according to his LinkedIn profile. Prior to Voyager, Prithipaul held CFO positions at DriveDigital and Galaxy Digital. Voyager announced on Sept. 26 that FTX US won an auction for its assets </span><a href="https://www.theblock.co/post/172946/ftx-wins-auction-for-bankrupt-crypto-lender-voyager"><span data-contrast="none">with a bid</span></a><span data-contrast="none"> of about </span><span data-contrast="none">$1.4 billion.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><b><span data-contrast="none">Sept. 27: Celsius CEO Alex Mashinsky steps down </span></b></p> <p><span data-contrast="none">Alex Mashinsky, now-former CEO of </span><span data-contrast="none">bankrupt lender Celsius Network, </span><a href="https://www.theblock.co/post/173103/celsius-tokens-price-tumbles-after-ceo-mashinsky-resigns"><span data-contrast="none">resigned</span></a><span data-contrast="none"> on Sept. 27. The price of Celsius’ native token, CEL, dropped sharply on the news. Celsius’ creditor committee said it had called for Mashinsky’s removal after conducting an investigation into the company. Mashinsky had withdrawn $10 million before Celsius declared bankruptcy and froze withdrawals on June 12, the </span><a href="https://www.theblock.co/post/174332/ex-ceo-mashinsky-withdrew-10-million-before-celsius-bankruptcy-ft"><span data-contrast="none">Financial Times</span></a><span data-contrast="none"> reported. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><b><span data-contrast="none">Sept. 27: FTX US President Brett Harrison moves to advisory role</span></b></p> <p><span data-contrast="none">Former FTX US president Brett Harrison tweeted on Sept. 27 that he would be </span><a href="https://www.theblock.co/post/172744/ftx-us-president-harrison-is-stepping-down"><span data-contrast="none">leaving</span></a><span data-contrast="none"> his position and moving into an advisory role. He stepped into the president position in May 2021, and helped the company grow into new areas such as stocks and non-fungible tokens (NFTs).</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Harrison previously held positions at Jane Street, where he overlapped with FTX founder Sam Bankman-Fried, and high-speed trading firm Citadel Securities, where he led a team of more than 100 engineers. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><strong>Sept. 28: Genesis co-head of sales and trading Matt Ballensweig steps down. </strong></p> <p>Genesis Trading's co-head of sales and trading Matt Ballensweig <a href="https://www.theblock.co/post/173519/genesis-co-head-of-sales-and-trading-to-step-down-take-on-advisory-role">stepped down</a> on Sept. 28 after more than five years with the company. He will serve in an advisory role for the "foreseeable future," according to a Twitter thread announcing his departure. </p> <p>"We built an 8-person company huddled in a small office in NYC back in 2017 to a sell-side trading behemoth doing billions in volumes in multiple countries today," Ballensweig wrote in a tweet.</p> <p><b><span data-contrast="none">Oct. 3: Coatue’s </span></b><b><span data-contrast="none">Matt Mazzeo leaves the firm</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Matt Mazzeo, a general partner at tech-focused investment manager Coatue Management, </span><a href="https://www.theblock.co/post/174570/coatues-matt-mazzeo-leaving-to-start-his-own-fund-the-information"><span data-contrast="none">left the firm</span></a><span data-contrast="none"> to start a new investment fund focused on early-stage startups on Oct. 3. The Information reported the news. A few days later, the same news outlet wrote that </span><a href="https://www.theblock.co/post/175744/coatue-loses-two-more-partners-including-one-who-led-firms-crypto-investments-the-information"><span data-contrast="none">two more</span></a><span data-contrast="none"> general partners — Luca Schmid and Sebastian Duesterhoeft — left in August and September, respectively. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Coatue has invested in crypto firms including OpenSea and </span><span data-contrast="none">crypto market maker Portofino Technologies, and participated in Dapper Labs' $725 million ecosystem fund. </span> </p> <p><strong>Oct. 3: NYDIG's CEO <span class="NormalTextRun SCXW24794968 BCX0">Robert Gutmann and P</span><span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW24794968 BCX0">resident</span><span class="NormalTextRun SCXW24794968 BCX0"> Yan Zhao stepping down amid promotions</span></strong></p> <p>Bitcoin investment company NYDIG <a href="https://www.theblock.co/post/174421/nydigs-ceo-and-president-to-step-down-as-crypto-changing-of-the-guard-continues">promoted</a> Tejas Shah and Nate Conrad to the respective roles of CEO and president, the firm announced on Oct. 3. Meanwhile, CEO <span class="NormalTextRun SCXW24794968 BCX0">Robert Gutmann and P<span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW24794968 BCX0">resident</span> Yan Zhao have stepped down from their roles and will continue to work with NYDIG's parent Stone Ridge Holdings Group. Gutmann will stay on NYDIG's board.</span></p> <p><b><span data-contrast="none">Oct. 4: Celsius Network co-founder Daniel Leon leaves </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Daniel Leon, co-founder of bankrupt lender Celsius Network,</span><a href="https://www.theblock.co/post/174892/celsius-co-founder-daniel-leon-steps-down-bloomberg"><span data-contrast="none"> resigned</span></a><span data-contrast="none"> during the week of Oct. 4, Bloomberg reported. The company confirmed the departure to the news outlet. Celsius CEO Alex Mashinsky also </span><a href="https://www.theblock.co/post/174892/celsius-co-founder-daniel-leon-steps-down-bloomberg"><span data-contrast="none">resigned </span></a><span data-contrast="none">from the company in late September.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><b><span data-contrast="none">Oct. 6: </span></b><b><span data-contrast="none">Aya Kantorovich, FalconX’s head of institutional coverage, announces departure </span></b></p> <p><span data-contrast="none">Earlier this week, FalconX’s head of institutional coverage Aya Kantorovich</span><a href="https://www.theblock.co/post/175316/falconxs-head-of-institutional-coverage-announces-departure"><span data-contrast="none"> announced</span></a><span data-contrast="none"> she would be leaving the firm in a LinkedIn post. She had been at the crypto financial services firm since 2019.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> She got her start at crypto-focused investment firm Pantera. </span></p> <p><b><span data-contrast="none">Oct. 7: Greenidge Generation reshuffles executive ranks, with CEO Jeffrey Kirt out </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">Bitcoin miner Greenidge Generation </span><a href="https://www.theblock.co/post/175660/greenidge-reshuffles-executive-ranks-expects-further-losses-in-q3"><span data-contrast="none">reshuffled</span></a><span data-contrast="none"> its executive ranks, with CEO Jeffrey Kirt leaving. As of today, two executives from forestry products company Millar Western — David Anderson and Scott MacKenzie — stepped in to replace him. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><b><span data-contrast="none">Oct. 7: </span></b><b><span data-contrast="none">OpenSea CFO Brian Roberts announces departure after less than a year</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">OpenSea Chief Financial Officer (CFO) Brian Roberts </span><a href="https://www.theblock.co/post/175758/opensea-cfo-leaves-less-than-one-year-after-joining"><span data-contrast="none">wrote</span></a><span data-contrast="none"> on LinkedIn that he left the non-fungible token (NFT) marketplace and would continue in an advisory role. He joined Open Sea in December after serving as the CFO for Lyft. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="none">“I had the rare opportunity to build a team literally from the ground up and handpicked game changers,” Roberts wrote in his LinkedIn post.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>