The Block Appoints New CEO As Wintermute Founder Joins The Board Of Directors

Key Points:

• The Block has appointed Larry Cermak as its new CEO, taking over from former CEO Michael McCaffrey who resigned in December 2020 following a $43 million loan scandal involving Alameda.
• Cermak aims to guide the company to profitability amid rapidly changing market conditions and will focus on adapting to fluctuations in the market faster.
• Wintermute founder and CEO Evgeny Gaevoy will join The Block’s board of directors.

The Block has announced the appointment of Larry Cermak as its new CEO. Cermak, who previously served as the company’s research director, will take over from former CEO Michael McCaffrey, who resigned in December 2020 following a $43 million loan scandal involving Alameda.

In a statement announcing his appointment, the new CEO said that he is excited to take on this new challenge and guide the company to profitability amid the rapidly changing market conditions. Cermak joined The Block during the last bear market, to build the best crypto research team and establish the company as a go-to firm to help institutions navigate the cryptocurrency space.

Under Cermak’s leadership, The Block will focus on adapting to fluctuations in the market faster and becoming more relentless in its pursuit of success. The company has already made some difficult choices, including streamlining its workforce and focusing on core revenue-generating roles. Despite these changes, The Block remains committed to research, data, and free news, ensuring it continues delivering high-quality content to its readers.

The company is also expanding its bespoke services, and the news team is on the lookout for big scoops. Cermak believes that The Block will emerge stronger from its challenges and continue to grow in the years to come.

In addition to Cermak’s appointment, The Block has also announced that Wintermute founder and CEO Evgeny Gaevoy will join the company’s board of directors. The move comes as the firm looks to strengthen its position in the industry and continue to provide valuable insights to its readers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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