Abits names Phillip Balatsos, Andrew Hancox to board as Tao Xu, Chuan Zhan exit

Reuters2026/08/11 13:19

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Abits named Stephen Faucetta as chief investment officer.
Tao Xu resigned from the board effective Aug. 5, 2026; Phillip Balatsos joined as an independent director.
Balatsos is a senior financial markets executive with 25+ years across FX and emerging markets; held roles at Barclays, Credit Suisse, XP Investments.
Chuan Zhan also resigned effective Aug. 5, 2026; Andrew Hancox joined as an independent director.
Hancox founded Block 8 Ventures; previously co-founded Katapult and served as COO, helping raise more than USD 250 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abits Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-037013), on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Abits names Phillip Balatsos, Andrew Hancox to board as Tao Xu, Chuan Zhan exit

You may also like

Crypto prices