Tron's BitTorrent Acquisition Triggers String of Employee Exits
At least five employees have left BitTorrent, the peer-to-peer networking pioneer, following its June acquisition by Justin Sun, the founder of the controversial blockchain protocol Tron, CoinDesk has learned. According to multiple sources with direct knowledge of the acquisition and company operations, the departures were related to concerns about the acquisition, as well as the direction proposed for the company by Tron leadership. Sources said three of the employees left on their own accord, while two others were dismissed. Among those departed were at least two individuals serving in leadership positions, the sources indicated, performing key roles such as general manager and head of marketing. However, other senior-level employees, including the company’s chief executive, chief financial officer, chief product officer and chief revenue officer, are unable to leave the company due to 18-month lock-in agreements. The news comes just two months after Sun purchased the San Francisco-based company for $120
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