Summary
TLDR: Bullish, the new owner of CoinDesk, is restructuring and replacing CEO Kevin Worth. Sara Stratoberdha, former head of business development at Bullish, will become the new CEO. CoinDesk will continue to operate independently and maintain its journalistic integrity. Bullish acquired CoinDesk in November after its former owner, Digital Currency Group, faced financial difficulties. New York Attorney General Letitia James has expanded her fraud lawsuit against Digital Currency Group, attributing investor losses of up to $3 billion to the firm.
Key Points
1. Bullish, the new owner of CoinDesk, is implementing a major restructuring that involves replacing CEO Kevin Worth.
2. Sara Stratoberdha, the former head of business development at Bullish, will be the new CEO of CoinDesk, as part of the restructuring.
3. CoinDesk will continue to operate as an independent subsidiary of Bullish, with a commitment to maintaining its journalistic independence and integrity.
Bullish acquired CoinDesk in November, following financial difficulties faced by the outlet’s previous owner, Digital Currency Group.