Andrew Kang, the now-former CEO of ScryDigital, has officially stepped down following the turbulent aftermath of his cryptocurrency venture, “Kang Coin.”
Once heralded as a bold step into the digital currency world, Kang Coin’s less-than-stellar performance has resulted in Kang’s abrupt exit from his leadership role. The company’s board of directors voted on the 12th to remove Kang, a decision described by board chairman Eli Hultson as one made “after careful consideration.” In a statement that seemed to echo the sentiment of the many crypto investors left wondering where it all went wrong, Hultson noted, “We believe that recent actions have had a negative impact on the company, and in order to protect its future, we must implement necessary changes.” Translation: time to put the Kang Coin experiment behind them and return to the company’s more stable offering—VPN services.
When reached for comment, Kang’s response was characteristically colorful. Before abruptly ending the call, he claimed, “This is just an example of the Illuminati stopping revolutionaries like me from changing the world! Wake up from the simulation, people! Gateway LIES!” A bold stance for someone whose revolutionary currency barely made it past the gate.
As if things couldn’t get more complicated for Kang, the NYPD has announced an investigation into the Kang Coin fiasco, meaning the drama surrounding ScryDigital’s former CEO might not be over just yet.