Patrick Byrne, Cryptocurrency Champion, Resigns as Overstock CEO
Overstock.com CEO Patrick Byrne has resigned from the company after admitting to an affair with Russian agent Maria Butina.
The bitcoin-friendly retail company and the parent of security token marketplace tZERO says it was again subpoenaed by the Securities and Exchange Commission at the end of 2019.
An investor has launched a class action against Overstock and two former execs, claiming securities violations involving the firm's digital dividend.
The blockchain-friendly online retailer is planning to distribute its long-delayed digital asset shareholder dividend on May 19.
Former Overstock CO Patrick Byrne dumped his 13% stake in the company he founded to buy cryptocurrency and gold as he prepares to battle his enemies.
Overstock.com’s interim CEO Jonathan Johnson, the president of its subsidiary Medici Ventures, plans to continue the company's blockchain work.