A digital-asset fintech firm, which saw its stocks plunge 90% this year, is scrambling to change course, starting with replacing its CEO. — Bloomberg
Eqonex Ltd., a digital-asset financial-services firm whose stock has plunged almost 90% this year, is weighing strategic options and has replaced its chief executive officer.
CEO Richard Byworth has resigned and is being replaced by Chief Operating Officer Andrew Eldon on an interim basis, Eqonex said in a statement Monday. Eldon, who joined the company from HSBC Holdings Plc, will also join the board.
The board is engaged in strategic discussions with third parties, including evaluating merger or takeover options, the company said.
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