Could These Salary Pauses, C-Level Exits Destabilize The Already Shaken Crypto Industry
Portfolio Pulse from Khyathi Dalal
Bitmain, a Bitcoin ASIC manufacturer, reportedly held back salary payments for September and cut all bonuses and incentives for its staff. However, it later repaid the wages and stated that it only did not pay the performance salary of some people. Ripple's CFO Kristina Campbell announced her exit from the company to join Maven Clinic. This comes after Ripple's legal battle with the U.S. SEC over its sales of the XRP token.
October 09, 2023 | 9:54 pm
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Ripple's CFO Kristina Campbell has left the company amid its ongoing legal battle with the U.S. SEC over its sales of the XRP token.
The departure of a CFO can often lead to uncertainty and instability within a company, potentially negatively impacting the price of its associated assets. In this case, Ripple's ongoing legal issues with the U.S. SEC could further exacerbate this impact.
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