Crypto Exchange Backpack Appoints Stripe, Banking Veteran as CFO

Backpack was founded by Armani Ferrante and Tristan Yver, alums of defunct trading company Alameda Research and bankrupt crypto exchange FTX respectively

AccessTimeIconMar 21, 2024 at 12:05 p.m. UTC
Updated Mar 22, 2024 at 12:10 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
  • Oliver Sleafer previously served as head of liquidity management in APAC for Stripe and Credit Suisse.
  • Backpack was founded by two alums of Sam Bankman-Fried’s collapsed crypto empire.
  • The crypto exchange recently raised $17 million in Series A funding at a $120 million valuation.
  • Why Worldcoin Is Launching a Layer 2
    20:07
    Why Worldcoin Is Launching a Layer 2
  • Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
    02:17
    Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
  • Base Monthly Active Addresses Increased by 160% in March: Nansen
    00:50
    Base Monthly Active Addresses Increased by 160% in March: Nansen
  • Bitcoin Halving: We Answer Your Questions
    04:16
    Bitcoin Halving: We Answer Your Questions
  • Backpack, the crypto exchange founded by FTX and Alameda alums, has appointed Oliver Sleafer as its new chief financial officer (CFO).

    Sleafer joined Backpack last October as its head of treasury. Two years ago, he was head of liquidity management in the Asia-Pacific region for payments company Stripe, having spent the previous five years in the same role at Swiss banking giant Credit Suisse.

    Backpack was founded by Armani Ferrante and Tristan Yver, alums of defunct trading companies Alameda Research and bankrupt crypto exchange FTX, respectively. They left the Sam Bankman-Fried-founded firms prior to their collapse at the end of 2022.

    Less than six weeks prior to folding, FTX was part of a $20 million funding round into Backpack developer Coral. Needless to say, the bulk of this funding did not materialize. Ferrante and Vyer subsequently set about building a crypto exchange to fill the gap left behind by FTX.

    Backpack recently raised $17 million in Series A funding at a $120 million valuation.

    Read More: DOJ's Proposed 50-Year Sentence for Sam Bankman-Fried 'Disturbing,' FTX Founder’s Lawyers Say

    CORRECTION (March 21, 12:34 UTC): Corrects article to clarify that Armani Ferrante was a software developer at Alameda, not an exec.

    Edited by Parikshit Mishra.




    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about