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Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, follow ing the departure of the company’s former head, Peter Wall. The report highlights that since February 2023, the operations team has been reporting to Argo CSO Sebastien Chalus, who will continue to oversee all operations moving forward. ARBK shares in USD | Source: Nasdaq Amid the news, Argo (ARBK) shares on Nasdaq plunged in a moment by 8.6% to $3.36, resulting in the firm’s market capitalization falling to $183.7 m...

The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange. Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.  According to disclosures filed with the Securities and Exchange Commission, Chatterjee will also retain 249,315 shares of Coinbase stock. At the time of publication, Coinbase stock was valued at $54.28 per share, by Google Finance.  Chatterjee joined Coinbase from Google in February 2020 with a salary of just under $1 million per year. In recognition of Chatterjee's contributions to the company, Coinbase and Chatterjee have entered into a separation agreement that includes severance benefits and an advisory deal in which he will provide advisory services from Feb 4, through to Dec 31, 2023. In the disclosures filed with the Securities and Exchange Commission by Coinbase, C...