The company suspended CEO Paul Chou and COO/CRO Juthica Chou last month, with no explanation. the 2 were also co-founders of the corporate . Former Depository Trust and Clearing Corporation president Larry Thompson was named interim CEO and lead director of Ledger Holdings.
In a statement, Thompson said, "since my involvement with the corporate began, we've kept in close contact with all of the company's stakeholders including employees, investors and regulators and have kept the CFTC fully apprised of the company's actions including the recent financing."
His statements would seem to conflict with a letter sent to LedgerX's board and therefore the CFTC Office of the military officer by a member of its board of directors. within the letter, Nicholas Owen Gunden wrote that as an investor, he had received limited communications from the corporate , and was concerned about its operations.
LedgerX also announced that it closed a "significant" financing round "led by the company's largest investors including Digital Finance Group." the quantity raised wasn't disclosed, but the funds are going to be wont to cause more senior executives, the discharge said.
Dexter was a neighborhood of the LedgerX team for the primary five and a half years of the company's operations, leaving in May 2019 to hitch Mirror, a tech fitness startup.
Thompson and Dexter didn't immediately answer an invitation for comment.