YEREVAN (CoinChapter.com) — Nick Drakon, the CEO of Revelo Intel, resigned after a violent robbery forced him to hand over company and personal crypto assets. The attack, which occurred in the first week of September, targeted not only his funds but also those of Revelo Ventures. Drakon’s resignation follows a series of events that left the crypto community alarmed and raised concerns about internal betrayal.
Nick Drakon Reveals Details of Armed Robbery Targeting Crypto Assets
In a post on X, Nick Drakon revealed the details of the armed robbery. He described how a group of criminals held him at gunpoint, demanding that he log into his crypto accounts and transfer funds. Drakon explained,
“I was recently targeted, surveilled, and robbed by a highly sophisticated group. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.”
The attackers stole a significant amount of money, including personal funds, Revelo Intel’s working capital, and retained earnings, as well as funds from Revelo Ventures. Drakon shared that the criminals were focused on his crypto assets, suggesting that they had inside knowledge of his operations.
Nick Drakon Suggests Insider Role in Robbery, Admits Operational Mistakes
Nick Drakon also raised concerns about a possible insider’s role in the robbery. Specifically, he hinted that someone within the Revelo Ventures syndicate might have passed information to the attackers. Furthermore, while he refrained from sharing additional details due to safety concerns and the ongoing investigation, this suspicion adds another layer of complexity to the case.
“There is some evidence to suggest that someone in the Ventures syndicate is either part of the group or passing information onto them,”
Drakon mentioned.
While he did not disclose further details due to safety concerns and the ongoing investigation, this development has shaken the trust within the company.
The CEO also admitted to making critical errors in his business operations. He acknowledged that his mistakes may have made him a target.
“I made a series of severe mistakes in operating that business… These mistakes are unacceptable for someone in my position to make,”
Drakon said.
Nick Drakon Resigns as CEO, Vu Benson Steps In to Lead Revelo Intel
Following the robbery, Nick Drakon stepped down as the CEO of Revelo Intel. The company’s Chief Operating Officer, Vu Benson, will now take the helm. Drakon praised Benson’s leadership and expressed confidence in his ability to manage the company during this challenging time. He said,
“Vu will direct 30% of all profits generated directly to the affected members.”
Drakon’s departure also included the forfeiture of all his financial interest in Revelo Intel. This move was aimed at helping return funds to investors who lost money in the attack.
Vu Benson Pledges Commitment to Revelo Intel After Recent Incident
Benson addressed the situation in a direct post, acknowledging the incident and its impact on Revelo Intel and Revelo Ventures:
“By now, it’s widely known that an unfortunate event occurred affecting @ReveloIntel and Revelo Ventures. Specifically, it involved Nick and his family—details which are his to share, not mine. Even though the majority of my experiences have been positive, the events that transpired are yet another reason why after 3 years (2 years building), I’ve yet to introduce any IRL friends or family to the space.”
He stated,
“What happened to Nick and his family is alarming. Despite considering stepping away, I am committed to continuing the work at @ReveloIntel.”
Benson ended by saying,
“We will keep moving forward.”
Crypto Leaders Face Growing Risks as Criminals Target Large Asset Holders
This incident underscores the growing danger for public figures in the crypto space. As cryptocurrencies continue to rise in popularity, criminals are becoming increasingly sophisticated in targeting individuals who control significant amounts of digital assets. Consequently, Drakon’s experience serves as a stark reminder of the heightened risks associated with managing crypto funds.
Drakon urged others in the crypto space to take precautions, especially those who are public about their involvement in the industry.
“If you are someone who is known to control large sums of money, you are a target,”
Drakon warned. Above all, he advised peers to reassess their security measures and ensure they are protected against potential threats.
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