Crypto Exchange LedgerX Places Twitter-Raging CEO Chou on Leave

(Bloomberg) -- The board of cryptocurrency exchange LedgerX placed co-founders Paul and Juthica Chou on administrative leave “effective immediately,” and appointed an interim chief executive officer.

No reasons for the changes were disclosed in a statement by parent company Ledger Holdings Inc. on Monday. In August, Paul Chou took to Twitter to blast the U.S. Commodity Futures Trading Commission for “breaking the law” in several expletives-filled tweets following a premature announcement by the exchange of the availability of the futures to retail investors.

LedgerX, a U.S.-regulated Bitcoin derivatives exchange and clearinghouse, appointed Larry E. Thompson, as interim CEO to succeed Paul Chou. Thompson joins Ledger Holdings following an over 30-year career on Wall Street, where he served in a variety of senior-level roles, including most recently as vice chairman of the Depository Trust & Clearing Corp., the company said.

LedgerX is a swap execution facility for institutional crypto traders with at least $10 million in assets. The company’s representative, as well as Paul Chou, didn’t immediately return requests for comment.

To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.net

To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Rita Nazareth

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