Nick Drakon, CEO of Revelo Intel, has resigned following a shocking incident where he was held at gunpoint and forced to transfer personal and company funds.
Incident and Aftermath
In a September 5th post on X, Nick Drakon revealed that a sophisticated group targeted him, threatening his family and demanding access to his crypto assets. The thieves stole his personal funds, Revelo’s working capital, retained earnings, and money from Revelo Ventures, the company’s investment arm. Drakon also mentioned that the criminals knew specific crypto addresses related to his businesses.
Company Reaction and Impacts
Adding to the distress, Drakon claimed there’s evidence suggesting someone from Revelo Ventures might have been involved or provided information to the attackers. However, he has chosen not to disclose more details to avoid compromising the ongoing investigation and to protect his family. Former COO Vu Benson will now lead Revelo Intel. Drakon has relinquished his interest in the company and pledged that 30% of Revelo’s profits will go to affected members.
Warnings and Next Steps
Drakon’s resignation follows a recent crime in Ukraine where four suspects kidnapped and murdered a foreign national, stealing $170,000 in Bitcoin. Jameson Lopp, a Bitcoin cypherpunk, advises against flaunting wealth or engaging in peer-to-peer trades with unknown individuals to avoid such risks. Drakon plans to step away from the spotlight and reassess his future with his family.
Drakon’s departure underscores the risks faced by public figures in the crypto space. His stepping down is a measure aimed at minimizing these risks and focusing on the safety of his family.
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