Former LedgerX CTO and co-founder Zach Dexter has been named as the company's CEO just hours after a director alleged the company's interim management was failing its investors and employees.
In a letter to the CFTC Office of the Inspector General, a LedgerX board member alleges the company is failing its investors and shareholders following the suspension of its founders in December.
LedgerX CEO and COO Paul and Juthica Chou have been "placed on administrative leave" by the company, with DTCC vice chairman Larry Thompson filling in.
LedgerX claims former CFTC Chairman Christopher Giancarlo threatened the company for personal reasons, two letters obtained by CoinDesk reveal.