Crypto CEO Resigns After Armed Robbery Forces Asset Transfer
He suggested that people connected to Revelo Ventures might have been involved in the robbery but chose not to share more details to avoid hindering the investigation and risking his family's safety.
Nick Drakon, CEO of the crypto research and education platform Revelo Intel, has stepped down after sharing that he was held at gunpoint and forced to transfer personal, company, and investor funds.
Drakon revealed that the thieves also threatened his wife and 8-month-old son. He suggested that people connected to Revelo Ventures might have been involved in the robbery but chose not to share more details to avoid hindering the investigation and risking his family’s safety.
“I was recently targeted, surveilled and robbed by a highly sophisticated group. This was an in person attack where my wife and 8 month old son were threatened,” wrote Drakon on a post on X.
“The group was specifically interested in crypto assets and knew the deposit addresses belonging to the crypto businesses I operate. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.”
Vu Benson to lead Revelo Intel
Former COO Vu Benson will take over as the new head of Revelo Intel.
As part of a recovery plan, Drakon has given up his stake in Revelo to help repay affected members, with 30% of the company’s profits going to them as well.
He admitted to making serious mistakes that led to the incident and apologized to those who lost money.
