ItBit Hit With String of Departures in Bitcoin-to-Blockchain Transition

A series of recent departures at itBit have left the company looking much different than it did just a few months ago.
Following the release of itBit‘s enterprise clearing and settlement network Bankchain last year, three directors (and at least three other employees) have gone on to other endeavors. The exits appear to come amid a larger company transformation from bitcoin-only exchange to enterprise blockchain service provider.
Multiple former employees have confirmed with CoinDesk that at least seven itBit employees have transitioned to other companies in that time. Only six have updated their LinkedIn, while the seventh one has not replied to requests for comment. ItBit has also declined to comment.
Two of the three departing directors have moved onto investment companies in the digital currency space, with the third launching a recruiting firm.
After departing itBit earlier this month, the company’s former director of institutional clients, Daniel Kim, took a position at Gemini Exchange. Also this month, itBit’s former global director of talent, Leanne Wong, departed the company and is now listed as a founding partner of MC Partners, a New York-based recruiting firm, on LinkedIn.

This post was published at Coin Desk on July 27, 2016.

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