Peter Thiel-Backed Bitpanda Hires Former Checkout.com Lawyer

Bitpanda GmbH, an exchange backed by a billionaire Peter Tieluhas hired Olivia Broderick as chief legal officer as the company tries to maintain investor confidence after the FTX collapse.

Bitpanda hire Broderick comes this month to replace former chief legal officer Oliver Stauber, who left this summer, according to the company.

Founded in 2014 as a Publishing company based in ViennaBitpanda works throughout Europe and extended to Ireland. The company i November hired KPMG to trace its assets after FTX’s US bankruptcy filing.

The fall of FTX caused the business structure financial reporting rules for non-public crypto companies, as well as the approach of US accounting rulemakers audit and war just done crypto token.

The privately held Bitpanda, worth in 2021 c about $4 billioncould be one of many bids for FTX assets, according to a December 3 report by Bloomberg News. Thiel’s Valar Ventures the leaders helped a $263 million funding round for Bitpanda in 2021, as well as first round. Dear Thiel first Sullivan & Cromwell partners.

Bitpanda in a statement showed that Broderick has many years of experience working with legal, risk, and business operations in banks and financial technology companies.

Broderick most recently served as general counsel and head of regulatory affairs for Checkout Ltd., an online payments startup called Checkout.com founded by a dropped out of college before it was about $40 billion last year.

Before joining Checkout.com in 2020, Broderick spent nearly four years in London as general counsel for UK online retailer Zopa Group Ltd., having previously spent more than and ten years at British financial firm Barclays PLC.

Brutkasten, an Austrian business publication, first reported Bitpanda paid Broderick earlier this month.

In June, Bitpanda was cut hundreds of jobs as mentioned Crypto Winter-a reference to a period of prolonged decline in the crypto market- went down on the company and many of its competitors.

Checkout.com also announced in mid-September that it would remove 5% his staff, about 100 people, in the midst of wealth wave Employer layoffs have been forced to hit the fintech and crypto sectors.

Checkout.com did not respond to a request for comment about Broderick’s representative. So is Da-Wai Hu, a former assistant general counsel at Amazon.com Inc. he in May was named general counsel based in New York for Checkout.com.

Broderick’s LinkedIn profile, which he recently say his new role at Bitpanda, it appears that he left Checkout.com in September.

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