- Nick Drakon, CEO of Revelo Intel, resigns after a robbery where he was forced at gunpoint to transfer crypto assets.
- Drakon hinted at possible involvement of individuals connected to Revelo Ventures but withheld details.
- As part of a recovery plan, Drakon has surrendered his stake in Revelo Intel and implemented a profit-sharing scheme to compensate affected members.
Nick Drakon, CEO of the crypto research and education platform Revelo Intel, has stepped down after sharing that he was held at gunpoint and forced to transfer personal, company, and investor funds.
“I was recently targeted, surveilled and robbed by a highly sophisticated group. This was an in person attack where my wife and 8 month old son were threatened,” wrote Drakon on a post on X.
“The group was specifically interested in crypto assets and knew the deposit addresses belonging to the crypto businesses I operate. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.”
It’s been almost 4 years since I entered the crypto space as a somewhat “public figure” and my time here has been mostly fantastic. I have met hundreds of interesting and kind people, some of whom I now consider great friends.
— Nick Drakon (@NickDrakon) September 5, 2024
My interactions with 99.5% of folks in the crypto…
Furthermore, Drakon revealed that the thieves also threatened his wife and 8-month-old son. He suggested that people connected to Revelo Ventures might have been involved in the robbery but chose not to share more details to avoid hindering the investigation and risking his family's safety.
Former COO Vu Benson will take over as the new head of Revelo Intel.
As part of a recovery plan, Drakon has given up his stake in Revelo to help repay affected members, with 30% of the company’s profits going to them as well. He admitted to making serious mistakes that led to the incident and apologized to those who lost money.
Edited by Harshajit Sarmah
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