Skip to content
Business
The Big Take

Crypto's $2 Trillion Wipeout Is Coming for the C-Suite

After a period of tumult that is still shaking crypto companies to the core, a wave of management turnover is now sweeping across the industry.

More than two dozen high-ranking executives have stepped aside from key posts in the past two months alone. Clockwise from top left: Alex Mashinsky, Sam Trabucco, Michael Moro, Michael Saylor, Jesse Powell and Aya Kantorovich.

More than two dozen high-ranking executives have stepped aside from key posts in the past two months alone. Clockwise from top left: Alex Mashinsky, Sam Trabucco, Michael Moro, Michael Saylor, Jesse Powell and Aya Kantorovich.

Photo Illustration: 731; Getty (7)

Updated on

The convulsions that set the cryptocurrency market tumbling earlier this year and delivered shock waves through the industry have subsided. Now comes the shakeup in the C-suite.

More than two dozen high-ranking executives — from Alex Mashinsky, the charismatic and controversial co-founder of now-bankrupt crypto lender Celsius Network to Brett Harrison of digital-asset exchange FTX US and Jesse Powell, the outspoken head of FTX’s rival Kraken — have vacated their posts in the past two months alone.