BitFlyer's ex-CEO vies for former role: Bloomberg
Quick Take
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The former CEO of BitFlyer, Yuzu Kano, has a plan to take back his old position and lead the company to an initial public offering, according to Bloomberg.
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Kano’s proposal is set to go before shareholders in a scheduled meeting next month.
Yuzu Kano, the co-founder of Japanese crypto exchange BitFlyer, is reportedly planning to retake his old position as chief executive officer of the firm, according to a Bloomberg report.
Kano’s proposal to reassume the CEO role and pursue an initial public offering will be presented to shareholders next month in a bid to put to rest a dispute between shareholders and the company’s management, said Bloomberg.
Kano, who stepped aside from the role of CEO in 2019, owns 40% of the company, according to Bloomberg. Currently, he serves as the CEO of a BitFlyer subsidiary, BitFlyer Blockchain Inc.
An earlier bid to sell BitFlyer last year was defeated by Kano, who reportedly said that the Singapore-based fund ACA Partners “wanted to get rid of me, both as a shareholder as well as the representative of a subsidiary.”
Issues involving BitFlyer shareholders will be addressed at the forthcoming meeting according to BitFlyer's current CEO, Hideki Hayashi, who Bloomberg said declined to address Kano’s statements.
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