ChainCatcher news, three executives from the crypto-friendly bank Evolve Bank & Trust have left the institution following setbacks, including a cybersecurity breach in May and law enforcement actions in June. Reportedly, the bank's Chief Credit Officer, Chief Financial Officer, and Chief Loan Officer for Open Banking have departed.The exit of these three executives is undoubtedly a blow to Evolve Bank & Trust, which provides behind-the-scenes banking services for several crypto-friendly fintech companies. According to Evolve's website, its partners include Mercury, which offers banking services to startups (including Web3 companies), and Stripe, which provides payment processing and crypto gateways.On August 6, Evolve announced that it had been targeted by a ransomware attack from the criminal organization LockBit, which accessed and downloaded customer information from its databases and file shares during February and May. Evolve refused to pay the ransom, resulting in the data being leaked.Additionally, in June, the Federal Reserve Board (FRB) initiated enforcement actions against the bank due to deficiencies in anti-money laundering, risk management, and consumer compliance, requiring Evolve to strengthen its risk management practices to address compliance and fraud risks.

ChainCatcher news, Nostra founder David Garai resigned as CEO of the Starknet DeFi project less than two weeks after the NSTR token airdrop.Garai stated: "I have stepped down as CEO of Nostra, and this is the first time in 4 years that I will take a break for a while, and then I will come back. Please stay tuned for my future plans."

ChainCatcher news, according to The Block, the head of the U.S. Securities and Exchange Commission (SEC) crypto assets and cyber unit has left the agency after nine years in office.

ChainCatcher news, io.net founder and CEO Ahmad Shadid announced on social media that he has resigned as CEO of io.net, effective immediately.Ahmad Shadid stated: "io.net has grown to become one of the fastest-growing decentralized AI companies in the world. After careful consideration, I have decided to pass the CEO position to Tory Green of io.net, which is the best choice for the community and the project. Despite some allegations regarding my past, I want to emphasize that my resignation as CEO is to allow io.net to move forward without interference and to focus on its growth and success.I am deeply grateful for the support and dedication of our team, partners, and community, and I thank everyone for making io.net what it is today. As a token of appreciation, I will donate 1 million personally held IO tokens to the io.net GPU Internet Foundation to help the development of the ecosystem."

ChainCatcher news, according to Fortune magazine, a survey found that Yida Gao, the founder of crypto venture capital Shima Capital, created a secret offshore entity and transferred assets belonging to his venture capital firm to a company registered in his own name, without the knowledge of other investors in the company. Lawyer Eric Hess stated that this completely violates the conduct permitted under the Investment Advisers Act.Yida Gao has not been charged with any crime, and a representative of Shima Capital stated that the company would not comment on "such regulatory matters." However, according to an anonymous source, Yida Gao's poor performance and behavior have clearly violated the investor protection rules of the U.S. Securities and Exchange Commission (SEC), putting him in a difficult position for raising further funds. A representative from Shima Capital revealed that the company is currently not seeking financing.Shima Capital has also experienced a wave of high-level employee departures in recent months, including Chief Technology Officer Carl Hua and Research Director Alexander Lin, who left earlier this year to start their own venture capital firm, as well as Chief Operating Officer and Head of Compliance Hazel Chen. The departing executives did not respond to requests for comment. The latest SEC filings show that the firm manages approximately $158 million in assets—this figure is down from the $200 million raised in 2022.

ChainCatcher news, according to CoinDesk, OKX's Global Chief Compliance Officer and Head of Anti-Money Laundering Patrick Donegan's LinkedIn profile shows that he left OKX just six months after joining. Donegan managed a team of 300 people globally; he joined OKX in August 2023 and left in January 2024.Donegan describes himself as a regulatory expert in anti-money laundering, possessing "the skills to develop policies and procedures, meet regulatory expectations, while driving business initiatives and building strong relationships with regulators." Previously, he was the Chief Compliance Officer and Senior Vice President at Signature Bank, which was once friendly to cryptocurrency, serving there for nearly 8 years.

ChainCatcher news, MEXC clarified the recent confusion regarding the MEXC_CEO Twitter account on platform X. MEXC stated that in the early stages of its global market development, the MEXC platform did use the Twitter account MEXC_CEO for promotion and brand image maintenance; the former CEO left in July 2022; the former CEO officially resigned from MEXC in December 2022.The Twitter account MEXC_CEO was never formally verified by the MEXC platform. Due to its limited content and few followers, MEXC did not issue a specific announcement (this is the fundamental reason for the widespread misunderstanding after the account was deleted). In December 2023, fans reported that the MEXC_CEO Twitter account was deleted. Individuals associated with this account have no actual connection with MEXC officials.MEXC sincerely apologizes for any confusion caused by this incident. All interactive tweets from the former CEO have been deleted, and no further explanations will be provided to avoid further misunderstandings. In the future, any significant personnel changes involving official media will be announced. All official accounts on the MEXC platform are verified through the MEXC official verification platform.

ChainCatcher news, according to Bloomberg, the Virtual Assets Regulatory Authority (VARA) stated in an email that the position of CEO of the Dubai cryptocurrency regulator Henson Orser will be succeeded by PwC partner Matthew White.In addition, Bloomberg cited anonymous sources saying that more than 12 cryptocurrency companies will be fined for failing to comply with relevant guidelines before the November 17 deadline. The names of these companies were not mentioned, but they do not include Binance, OKX, or ByBit and some other companies, which will have more time to comply with the regulations.

ChainCatcher news, the decentralized file-sharing network LBRY announced that LBRY Inc. is about to shut down, but the LBRY network remains unaffected. LBRY Inc. has unpayable debts to the SEC, its legal team, and private creditors. Its assets, including Odysee, are undergoing bankruptcy management. The lbry.com domain, LBRY social media handles, GitHub, and all other assets will be used to repay debts. All LBRY executives, employees, and board members have resigned.ChainCatcher previously reported that in October 2022, a judge in New Hampshire ruled that LBRY violated securities laws by selling its native LBC tokens without registering with the U.S. Securities and Exchange Commission (SEC). The SEC initially imposed a $22 million fine, which was later reduced to $111,000.

ChainCatcher news, according to The Block, former FTX General Counsel Can Sun testified in the criminal trial of Sam Bankman-Fried (SBF), stating that in November 2022, the asset management company Apollo Global Management expressed interest in investing in FTX and requested copies of financial statements. When the copies were prepared, Can Sun discovered a $7 billion gap related to Alameda on FTX's balance sheet. Subsequently, Can Sun resigned from the company. Can Sun previously worked at Fenwick and West and joined FTX in August 2021.Can Sun also stated that as General Counsel, he was initially unaware of the serious flaws in FTX, which allowed the sister trading company Alameda Research to borrow user funds without consent. Shortly after joining FTX, he realized that Alameda was not actually subject to automatic liquidation, and its balance on FTX could potentially become negative. Therefore, he discussed the matter of removing that feature with FTX's leadership.In discussions with SBF, engineering head Nishad Singh, and FTX Chief Regulatory Officer Dan Friedberg, Can Sun stated that he urged for changes and received a commitment: Alameda would receive "delayed liquidation" instead of not being automatically liquidated, and other institutional market makers on FTX would also be able to use the same feature. However, these changes were never implemented.Can Sun was also responsible for documenting the loans that Alameda issued to SBF, Gary Wang, and Nishad Singh so they could purchase equity in FTX. However, Can Sun stated that he was unaware that these funds actually came from FTX user deposits. Additionally, Can Sun himself received a $2.3 million loan from Alameda to buy a house in the Bahamas. Later, out of caution, Can Sun requested government protection.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on social media that Ripple's Chief Financial Officer Kristina Campbell has left to become the Chief Financial Officer of mavenclinic. Campbell spent 2 years and 7 months at Ripple.

ChainCatcher news, citing sources from The Block, reported that due to uncertainty and a decline in business, Binance.US President Brian Shroder has resigned, having joined the company in September 2021. Additionally, Binance.US internally announced that it has laid off one-third of its employees.

ChainCatcher news, Binance's Head of Eastern Europe and Russia Gleb Kostarev and Binance's General Manager for Russia and the CIS Vladimir Smerkis announced their resignations on Facebook one after another.

ChainCatcher news, according to CNBC, digital bank Revolut's Chief Financial Officer Mikko Salovaara has resigned for personal reasons, and Revolut will announce an interim head at an appropriate time. A Revolut spokesperson stated that Salovaara's decision was unrelated to the concerns raised by the auditing firm BDO regarding the company's 2021 financial accounts.In March of this year, BDO stated that it was unable to independently verify three-quarters of the £636 million ($795 million) revenue reported in the company's delayed 2021 accounts. (Source link)

ChainCatcher news, Silicon Valley Bank Financial Group announced that its CEO Gregory Becker and CFO Daniel Beck have resigned this week. Becker will serve as a company advisor "as needed" without any compensation.Additionally, the group is exploring strategic options for its subsidiaries SVB Capital and SVB Securities.Silicon Valley Bank was sold to First Citizens BancShares Inc. by regulators last month. Becker joined Silicon Valley Bank in 1993 and was appointed CEO in 2011. Beck was appointed CFO in 2017, and Nicholas Grossi will temporarily take over his position. (Bloomberg)

ChainCatcher message, A&T Capital recently released a letter to investors stating, "Yu Juan, who previously represented one of our investors, has been appointed to A&T Capital. He has resigned from his position at the investor's company. Therefore, Yu Juan will no longer be involved in any matters related to A&T Capital, nor will he represent this fund. This change will not affect the operation of this fund."Previously, Yu Juan's Twitter bio was "Founding Partner of A&T Capital / Former Investment Director of OKX."

ChainCatcher news, Polkadot ecosystem DeFi protocol Composable Finance's Chief Technology Officer Karel Kubat stated that he will leave the company due to a lack of transparency and what the current former executives referred to as "suspicious transactions," and said: "The financial statements have not been provided to me or the community. The community and I currently do not have an overview of Composable Finance's financial status."In another tweet, Karel Kubat mentioned: "Law enforcement is the responsibility of the authorities. However, we are a decentralized community, and simple, unethical management is enough for me to leave." Composable Finance confirmed Kubat's departure in its own Twitter post. (source link)

ChainCatcher news, according to South Korean media Etoday, reported that after Binance acquired a partial stake in the South Korean exchange Gopax earlier this month, Gopax founder Lee Jun-hyung (phonetic) resigned as CEO. Lee Jun-hyung sold all of his 41.22% stake in Gopax. One of the newly appointed three directors, a Malaysian, has been appointed as the new CEO of Gopax. However, a Gopax official stated, "I think we need to verify whether this resignation is true."In early February, Bloomberg reported that Binance had acquired a majority stake in the South Korean exchange Gopax, with the funds for this acquisition coming from Binance's previously launched $1 billion "Industry Recovery Plan," although specific acquisition terms were not disclosed. Gopax suspended customer withdrawals in November 2022, and its parent company Streami Inc. is one of the top 10 known creditors of Genesis Global, which is also a partner of Gopax in providing yield products. Binance plans to inject capital into Gopax so that Gopax's yield product GoFi can facilitate customer withdrawals and interest payments. Zhao Changpeng expressed hope to further rebuild the cryptocurrency and blockchain industry in South Korea together with Gopax. (Source link)

ChainCatcher news, Shaun Heng, the head of the $100 million venture studio Spartan Labs under Sparan Group, has left the company and is now succeeded by Adrian Lai, the head of creative and design at Spartan Labs.It is reported that Shaun Heng previously worked at the data provider CoinMarketCap, joined Spartan Labs in March 2022, and left in December 2022 for unspecified reasons.According to a blog post published by Shaun Heng upon his appointment, Spartan Labs' initial goal was to develop and launch six to seven projects each year, providing them with advice, talent, clients, and funding. However, according to Kelvin Koh, managing partner of Spartan Group, the studio has yet to launch a project, with the first project expected to be unveiled this month. (source link)