Mark Nuvelstijn has stepped down from his role as CEO of Bitvavo, effective immediately. His resignation follows concerns raised by FD regarding his relationship with convicted fraudster Max R, including allegations of misleading ING Bank about financial transactions. Johan van Olffen will temporarily assume CEO responsibilities while retaining his position as CFO. Nuvelstijn has stated he will not return to any executive role, citing the need to avoid potential conflicts of interest. This resignation follows shortly after Bitvavo received a MiCA license in the Netherlands.
"We regret that Mark is stepping down earlier than expected under these circumstances, but we respect his decision. As co-founder, Mark has played a crucial role in Bitvavo's growth and development."
"I do not want Bitvavo to be burdened by an issue from the past relating to my private investments. In the coming period, I intend to take responsibility for my actions."
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