The CEO of crypto research and training platform Revelo Intel has introduced his resignation after he was compelled at gunpoint to empty his crypto accounts and hand over investor funds.

In a prolonged submit to X (previously Twitter), Nick Drakon claims {that a} subtle group of crypto-savvy thieves — most likely together with a spy planted inside his personal syndicate — tracked his actions and recognized the wallets related along with his enterprise.

The group then confronted Drakon, threatening him, his spouse, and his eight-month-old son, and forcing him to empty his wallets and log into custodial accounts.

In keeping with Drakon, the group “was specifically interested in crypto assets” and stole “personal funds, Revelo Intel working capital and retained earnings, as well as Revelo Ventures (an investment syndicate) funds for deals awaiting settlement.”

Learn extra: UK hacker jailed over $900K Coinbase login rip-off

Within the tweet, the previous skilled poker participant admitted that he had did not prioritize his privateness, particularly because the supervisor of others’ funds.

“These mistakes are unacceptable for someone in my position to make,” he stated. “I own those mistakes and will regret making them for the rest of my life.”

He added, “My focus right now is ensuring the safety of my family, assisting law enforcement in apprehending the culprits, and to facilitate recovery or payback of funds to Ventures members.”

Drakon might be changed as CEO by Revelo’s COO Vu Benson.

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