Crypto Custodian Copper CEO Resigns as Sale Bids Fall to $200 Million

Copper CEO Amar Kuchinad has resigned after nearly two years in the role. The firm is currently working with Cantor Fitzgerald to facilitate a sale. While initial asking prices were around $500 million, bids received by the end of August have fallen to approximately $200 million, down from a peak valuation exceeding $2 billion.