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David Garai, the founder and CEO of Nostra, has resigned from his leadership position at the firm just 11 days following the announcement of its NSTR token airdrop, as stated in a post on X this Friday morning.
Nostra CEO David Garai Resigns, Announces Successor
“I have stepped down as CEO of Nostra,” Garai wrote, noting that the company’s Head of Product, Richard Thomas-Pryce, would assume his role.
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“I’m privileged to take over and lead @Nostrafinance,” Thomas-Pryce expressed in a statement. “Our remarkable team will persist in fostering innovation and building upon our achievements. With numerous exciting features on the agenda, such as Nostra Earn, Nostra Bridge, and STRK Liquid Staking on the way (to name a few), we are entirely dedicated to achieving new milestones.”
As reported by blockchain aggregator DeFi Llama, the company’s total value locked (TVL) is currently $153 million, marking a significant decline from its estimated $221 million just prior to the NSTR token airdrop.
Editorial note: This story is still being updated. For the complete story, please return soon as we incorporate additional information and/or viewpoints from those involved.
The post Just In: Nostra CEO David Garai Resigns Less Than Two Weeks After NSTR Airdrop appeared first on Cryptonews.
