Just In: Nostra CEO David Garai Steps Down, Pushes Back On NSTR Airdrop Speculation
David Garai, founder and CEO of Nostra, has stepped down from his leadership role at the company only 11 days after it unveiled its NSTR token airdrop, according to a Friday morning X post.
Nostra CEO David Garai Steps Down, Announces Replacement
“I have resigned as CEO of Nostra,” Garai posted, adding that the company’s Head of Product, Richard Thomas-Pryce, would be taking over his position.
However, Garai denied there being a “connection between the unlocked launch” and his resignation, calling the claims “totally false.”
“I resigned now because I wanted [to get] through the launch of all major products and the token,” Garai
“I have not sold a single token and do not plan on doing so,” he continued.
According to blockchain aggregator DeFi Llama, the company’s TVL currently stands at $153 million – a decrease from its estimated $221 million shortly before the NSTR token’s airdrop.
“I’m honored to step in and lead @Nostrafinance,” Thomas-Pryce said in a statement. “Our incredible team will continue driving innovation and building on our success. With many exciting features on the roadmap, like Nostra Earn, Nostra Bridge, and STRK Liquid Staking on the horizon (to mention a few), we’re fully committed to reaching new heights.”
Editorial note: This story is currently being added to. For the full story, check back soon as we add more information and/or perspectives from those involved.
The post Just In: Nostra CEO David Garai Steps Down, Pushes Back On NSTR Airdrop Speculation appeared first on Cryptonews.
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Just In: Nostra CEO David Garai Steps Down, Pushes Back On NSTR Airdrop Speculation
David Garai, founder and CEO of Nostra, has stepped down from his leadership role at the company only 11 days after it unveiled its NSTR token airdrop, according to a Friday morning X post.
Nostra CEO David Garai Steps Down, Announces Replacement
“I have resigned as CEO of Nostra,” Garai posted, adding that the company’s Head of Product, Richard Thomas-Pryce, would be taking over his position.
However, Garai denied there being a “connection between the unlocked launch” and his resignation, calling the claims “totally false.”
“I resigned now because I wanted [to get] through the launch of all major products and the token,” Garai
“I have not sold a single token and do not plan on doing so,” he continued.
According to blockchain aggregator DeFi Llama, the company’s TVL currently stands at $153 million – a decrease from its estimated $221 million shortly before the NSTR token’s airdrop.
“I’m honored to step in and lead @Nostrafinance,” Thomas-Pryce said in a statement. “Our incredible team will continue driving innovation and building on our success. With many exciting features on the roadmap, like Nostra Earn, Nostra Bridge, and STRK Liquid Staking on the horizon (to mention a few), we’re fully committed to reaching new heights.”
Editorial note: This story is currently being added to. For the full story, check back soon as we add more information and/or perspectives from those involved.
The post Just In: Nostra CEO David Garai Steps Down, Pushes Back On NSTR Airdrop Speculation appeared first on Cryptonews.
Read More