Tether Subsidiary Merger Cancelled as Twenty One Capital CEO Steps Down

2026-07-21 19:56

Woofun AI reports that the proposed consolidation of Tether subsidiaries Twenty One Capital, Strike, and Elektron Energy has been terminated. Jack Mallers, who served as CEO of both Twenty One Capital and Strike, has resigned from his leadership role at Twenty One Capital. Raphael Zagury, CEO of Elektron, assumes the position.

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