Gemini Experiences Second Top Executive Exit
Gemini, a leading cryptocurrency exchange, is facing another change in its top management as Chief Technology Officer Pravjit Tiwana is set to depart by the end of this month. This follows the earlier exit of former COO Noah Perlman who transitioned to Binance.
Restructuring and Culture Overhaul
Tiwana, who joined Gemini in January 2022, has been pivotal in expanding the company’s operations, especially in the APAC region and India. His tenure at Gemini was marked by an emphasis on revamping the company’s product design, engineering processes, and office culture, drawing on his extensive experience at Amazon Web Services.
Employee Turnover and Layoff Speculations
There have been murmurs about employee dissatisfaction leading to turnover, though it’s unclear whether this was voluntary or part of the layoffs Gemini conducted earlier in the year. The company has not made an official statement regarding these speculations.
Uncertainty Surrounds Tiwana’s Departure
Sources close to the matter have revealed Tiwana’s impending exit, though the reasons remain speculative. With no comments from Tiwana or Gemini’s PR, the industry is left to wonder whether this is a voluntary move or a result of the company’s current challenges.
Legal Entanglements and Corporate Battles
Gemini is currently entangled in a contentious legal fight with the Digital Currency Group and the SEC, further complicated by the bankruptcy of DCG subsidiary Genesis. The Winklevoss Twins, Gemini’s founders, are also involved in a public relations tug-of-war with DCG CEO Barry Silbert, adding to the company’s list of woes.