Gemini disclosed immediate departures of COO Marshall Beard (who also resigned from the board), CFO Dan Chen and CLO Tyler Meade. The stock dropped more than 10% after the filing. Co-founder Cameron Winklevoss will assume many COO responsibilities; Danijela Stojanovic and Kate Freedman were named interim CFO and interim general counsel. The exits follow recent plans to shut down exchange operations in the U.K., EU and Australia, a ~25% global workforce reduction, and a strategic refocus on the U.S. market and prediction markets.

Three senior executives (COO, CFO, CLO) departed effective immediately and the company’s stock fell >10% after the filing; co-founder and interim officers were named; these moves occur alongside announced exchange shutdowns in the U.K., EU and Australia and a planned ~25% workforce reduction and strategic refocus.