PANews reported on December 2nd that, according to Cryptopolitan, two former executives of Gryphon Digital Mining have been appointed as heads of a newly formed cryptocurrency asset management division, a joint venture between Trump Media and Crypto.com. According to Yorkville Acquisition Corp., these appointments will take effect upon completion of the business merger, which is expected to close in the first quarter of 2026. Following the merger, Steve Gutterman will become CEO, and Sim Salzman will become CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital markets transactions, and have held executive positions at E*TRADE, American Bitcoin, and Marathon Digital. The new entity was formed through a merger with the businesses of Trump Media Technology Group and Crypto.com, with the aim of acquiring and operating CRO as the preferred asset for the entity's long-term reserves. In September, the two companies announced the initial acquisition of 684.4 million CRO tokens at approximately $0.153 per token, for a total initial transaction value of approximately $105 million, paid in cash and stock.PANews reported on December 2nd that, according to Cryptopolitan, two former executives of Gryphon Digital Mining have been appointed as heads of a newly formed cryptocurrency asset management division, a joint venture between Trump Media and Crypto.com. According to Yorkville Acquisition Corp., these appointments will take effect upon completion of the business merger, which is expected to close in the first quarter of 2026. Following the merger, Steve Gutterman will become CEO, and Sim Salzman will become CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital markets transactions, and have held executive positions at E*TRADE, American Bitcoin, and Marathon Digital. The new entity was formed through a merger with the businesses of Trump Media Technology Group and Crypto.com, with the aim of acquiring and operating CRO as the preferred asset for the entity's long-term reserves. In September, the two companies announced the initial acquisition of 684.4 million CRO tokens at approximately $0.153 per token, for a total initial transaction value of approximately $105 million, paid in cash and stock.
A former Gryphon executive will head the crypto asset company jointly established by Trump Media and Crypto.com.
PANews reported on December 2nd that, according to Cryptopolitan, two former executives of Gryphon Digital Mining have been appointed as heads of a newly formed cryptocurrency asset management division, a joint venture between Trump Media and Crypto.com. According to Yorkville Acquisition Corp., these appointments will take effect upon completion of the business merger, which is expected to close in the first quarter of 2026. Following the merger, Steve Gutterman will become CEO, and Sim Salzman will become CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital markets transactions, and have held executive positions at E*TRADE, American Bitcoin, and Marathon Digital.
The new entity was formed through a merger with the businesses of Trump Media Technology Group and Crypto.com, with the aim of acquiring and operating CRO as the preferred asset for the entity's long-term reserves. In September, the two companies announced the initial acquisition of 684.4 million CRO tokens at approximately $0.153 per token, for a total initial transaction value of approximately $105 million, paid in cash and stock.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access
The post Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access appeared on BitcoinEthereumNews.com. North Korea’s IT workers infiltrated US companies through a Maryland man’s scheme, earning over $970,000 while enabling access to sensitive government systems. This operation supported the regime’s cyber activities, including crypto hacks that stole $2 billion in 2025, funding nuclear programs. Minh Phuong Ngoc Vong sentenced to 15 months in prison for aiding North Korean infiltration. He used fake credentials to secure jobs at 13 US firms, passing work to overseas conspirators. North Korea stole $2 billion in crypto in 2025 via hacks, totaling over $6 billion recently, per blockchain analytics firm Elliptic. Discover how North Korea’s IT infiltration and crypto hacking schemes threaten US security. Learn the details of the Maryland case and regime’s $6B theft. Stay informed on cybersecurity risks today. What is North Korea’s IT Infiltration Scheme in US Companies? North Korea’s IT infiltration scheme involves covertly placing regime-affiliated workers into US companies using fake identities to generate revenue and access sensitive systems. In a recent Maryland case, Minh Phuong Ngoc Vong was sentenced to 15 months in prison and three years of supervised release for facilitating this for three years across 13 companies. The operation netted over $970,000, much of which funded North Korea’s weapons programs through software work performed by overseas actors, including those in China near the border. How Does North Korea Use Crypto Hacking to Fund Its Programs? North Korea employs sophisticated cyber groups to target cryptocurrency exchanges and wallets, stealing digital assets that convert to fiat for regime funding. According to blockchain analytics firm Elliptic, these groups pilfered approximately $2 billion in cryptocurrencies in 2025 alone, contributing to a total exceeding $6 billion in recent years from hacks on platforms like Bybit and Upbit. This influx directly supports nuclear and missile development, as confirmed by US intelligence assessments. Experts note the regime’s…
Share
BitcoinEthereumNews2025/12/06 09:12
Interest rate cuts are coming – investors can expect a 200% increase in returns through Goldenmining
GoldenMining promotes cloud mining contracts with fixed daily payouts and claims of 200% returns, offering XRP, BTC, ETH, and DOGE options with low entry barriers.
Share
Blockchainreporter2025/09/18 00:46
Tropical Depression Wilma lingers off Eastern Samar
As of 7 am on Saturday, December 6, Tropical Depression Wilma is located 70 kilometers east of Borongan City, Eastern Samar
Share
Rappler2025/12/06 08:50