Nick Drakon resigns as CEO of Revelo Intel following traumatic robbery

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Robbery Targeted at Crypto Assets
  2. Threats to Family and Possible Insider Involvement
  3. Appointment of New CEO and Recovery Plans


    4. Nick Drakon, CEO of the cryptocurrency research and education platform Revelo Intel, resigned following an armed robbery where both personal and corporate assets were stolen.

    Robbery Targeted at Crypto Assets

    In a post on the social platform X on September 5, Nick Drakon detailed the harrowing incident. He revealed that a highly organized group of criminals, who had been surveilling him, forced him at gunpoint to log into several crypto accounts and transfer funds. The robbers not only stole his personal funds but also the working capital of Revelo and funds from Revelo Ventures.

    Threats to Family and Possible Insider Involvement

    The criminals also threatened Drakon’s family, including his wife and eight-month-old son. Drakon mentioned there is 'some evidence' that individuals from within Revelo Ventures might have been involved in the robbery. However, he chose to withhold further details to avoid jeopardizing the ongoing investigation and to protect his family's safety.

    Appointment of New CEO and Recovery Plans

    Following the incident, Vu Benson, previously the chief operating officer, has been appointed as the new CEO of Revelo Intel. Drakon stated that this is a part of the recovery plan, which also includes allocating 30% of the company's future profits to compensate the affected members of Revelo Ventures. 'I made severe mistakes that made me a target and apologize to Revelo Ventures members who lost money from the robbery,' Drakon added.

    The new leadership under Vu Benson aims to rebuild trust and compensate those affected by the incident. Nick Drakon and Revelo Intel continue to cooperate with the investigation to bring the perpetrators to justice.

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