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TZero CEO Resigns; Chief Legal Officer Appointed as Interim Replacement
Saum Noursalehi's Friday resignation was announced by tZERO on Monday.
Por Jamie Crawley
The CEO of security-token trading platform tZERO has resigned, and the company's chief legal officer is stepping in as his replacement on an interim basis.
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- Saum Noursalehi's Friday resignation as CEO was announced by tZERO on Monday.
- Alan Konevsky, long-time chief legal officer of tZERO, was appointed to hold the reins until a permanent replacement is found.
- TZero provides an alternative trading system for companies to digitize and issue equity to investors on its blockchain-based platform.
- In June, people at tZERO parent company Overstock revealed to CoinDesk that the platform was looking for a buyer to take it to the next level.
- A number of routes were available to tZERO, according to Michael Mougias, VP of investor relations, who stated the goal was not to find an outright buyer but the right strategic partners. One of these routes was a public listing via a special purpose acquisition company, he said at the time.
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- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
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