Cryptocurrency News Today: Overstock’s blockchain mad CEO resigns after disclosing romantic relationship with suspected Russian spy
The Blockchain-mad CEO of online retailer Overstock has stepped down amid a confession that he was romantically involved with a suspected Russian spy.
Overstock CEO Patrick Byrne issued a letter to shareholders yesterday explaining his decision. He will no longer serve as CEO or sit on its board of directors, effective immediately.
Byrne has taken the decision after divulging that he was romantically involved with suspected Russian spy Marina Butina, who is now in prison for not registering with the US government as a foreign agent, Observer reports.
Earlier this month, Byrne also confirmed to Fox News that he was involved in the Russia investigation and Hillary Clinton email dispute.
After releasing the statement, Overstock shares fell for three consecutive days dropping more than 30 percent.
It began testing a Cryptocurrency trading platform called tZero and raised over $130 million from a private initial coin offering (ICO) last year.
In his letter to shareholders, the now fo