Jack Mallers Exits Twenty One Capital as Strike Pulls Out of Tether Bitcoin Merger

Jack Mallers has stepped down as CEO of Twenty One Capital, the bitcoin-focused company he founded, with Raphael Zagury named as his replacement. Simultaneously, Mallers' company Strike has withdrawn from a Tether-backed three-way merger designed to accumulate bitcoin holdings. The moves mark a major shake-up in one of the crypto world's most closely watched ventures.