Yuzo Kano, the co-founder of BitFlyer Holdings Inc., plans to return to the company as Chief Executive Officer after stepping down from the top role in 2019 at the height of Japan‘s massive crypto crackdown.
Mr Kano plans to return and guide BitFlyer into an initial public offering (IPO). He plans to share his proposal with shareholders during a meeting next month.
‘I will make it capable of fighting on the international stage,’ Mr Kano said in an interview with Bloomberg.
Mr Kano co-founded BitFlyer in 2014 and owns 40% of the company. He had last year quashed another plan to sell the exchange after he suspected that ACA partners, a Singapore-based fund, was working with current management to shut him out by convincing shareholders to sell. Mr Kano had Tweeted about the deal, saying it was yet to be closed.
[WANTED: WHITE KNIGHT]
*THIS DEAL HAS NOT YET BEEN CLOSED
If you are interested in acquiring bitFlyer, please contact me.
*DM released.https://t.co/hXfy2VEWWd
— 加納裕三@bitFlyer (@YuzoKano) April 4, 2022
He told Bloomberg that:
© Solana Daily Brief, Inc. All Rights Reserved. This article is for informational purposes only. It is not to be used as legal, tax, investment, financial, or other advice.They wanted to get rid of me, both as a shareholder as well as the representative of a subsidiary.
It’s my responsibility to point out issues and demand improvement. I reprimand people when they cause problems, make false reports or fail to do whatever they are supposed to do.