Coinsquare Exchange Announces Leadership Change

Canadian crypto trading platform Coinsquare rattled its board of directors, the exchange announced Wednesday.

According to the official announcement, executives Nicholas Thadaney and Wendy Rudd will join the board of directors. Both have experience in Canadian securities regulation, investment dealer operations and regulated markets, the announcement said.

Their appointments come shortly after Coinsquare confirmed Stacey Hoisak as its new CEO, Lawrence Truong as CCO and Eric Richmond as COO.

Last summer, Coinsquare agreed to replace CEO and CCO as part of a settlement with Ontario regulators. At the time, the Ontario Securities Commission said the exchange “should implement substantial corporate governance improvements. This includes establishing an independent board of directors, appointing a new CEO and CCO, establishing an internal whistleblower program and implementing policies and procedures to monitor and assess compliance with the Ontario securities Laws. “

“The steps we have taken are to comply with strict regulatory requirements and demonstrate Coinsquare’s strengthened commitment to our clients, employees, shareholders and digital asset community,” Hoisak said in a statement. “Our goal is to create a customer-centric safe. a place for Canadians to trade digital assets. “

The exchange made headlines in June after saying an internal theft in 2022 resulted in the personal information of some of its customers getting into the hands of a hacker or a group of hackers.

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