ME News reports that on September 16 (UTC+8), Jack Mallers, former CEO of Twenty One Capital, responded on Twitter to speculation surrounding his departure from the company, clarifying that his objection was not to preferred shares themselves, but to running the company based on financial engineering rather than on operating businesses capable of generating cash flow. He also stated that he resigned voluntarily, not under pressure, and that if it had been the latter, his severance package would have been different. (Source: Foresight News)
Twenty One Capital’s former CEO clarifies resignation, opposes business model driven by financial engineering
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Summary
On September 16, Jack Mallers, former CEO of Twenty One Capital, addressed his resignation, confirming it was voluntary and linked to his opposition to the firm’s focus on financial engineering over capital protection. He noted that his exit package would have been different had he been forced out. Mallers emphasized his preference for cash-generating operations, consistent with a more event-driven trading strategy.
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