London Daily

Focus on the big picture.

Cryptocurrency firm Copper tests mettle with raid for fintech rival's finance chief

Cryptocurrency firm Copper tests mettle with raid for fintech rival's finance chief

Copper is in talks to hire Sam Goh, an executive at digital identity firm Onfido, as its CFO amid heightened investor scrutiny of the cryptocurrency sector.
The cryptocurrency firm chaired by Lord Hammond, the former chancellor, is in talks to recruit a new finance chief amid heightened scrutiny of the industry’s financial controls.

Sky News understands that Copper is targeting the appointment of Sam Goh, an executive at Onfido, the digital identity company, as its chief financial officer.

Industry insiders said the appointment of Mr Goh was at an advanced stage and expected to see him join in April.

A revamp of Copper's governance and management team has been underway for some time as it struggled to close a major new funding round amid turmoil in the crypto sector.

A cascade of leading names - led by FTX, whose founder, Sam Bankman-Fried, is facing criminal fraud charges - have collapsed during the last 12 months, casting a dark shadow over the prospects for cryptocurrencies and related businesses.

Copper provides custody, prime broking and settlement services to institutional investors deploying money into cryptoassets.

Founded in 2018, it now employs more than 300 people.

The company has been in talks with investors about a funding round that would value it at $2bn or more.

Some of these discussions, including with Barclays, have faltered in recent months.

Copper declined to comment on the appointment of a new finance chief.
Newsletter

Related Articles

London Daily
0:00
0:00
Close
Britain’s Refugee Visa Rules Stranding Children in War Zones
UK Elections Predict ‘Electoral Extinction’ for PM Sunak’s Conservative Party
Italian Activist Ilaria Salis Returns Home After Election to European Parliament
Good morning!
England Faces Serbia in Euro Opener with Defensive Concerns
Dermatologist Warns Against Sunbed Usage
Fake Pro-Reform UK Social Accounts and Their Influence on Elections
UK Man Jailed for Non-Consensual Condom Removal
Reform UK Surpasses Conservatives in Historic Poll
US, Britain, Canada Accuse Russia of Interference in Moldova’s Election
Taylor Swift Fans Create Seismic Activity in Edinburgh
Sunak Aide Under Investigation for Election Bet
Labour Leader Starmer Focuses on Wealth Creation for Upcoming UK Elections
G7 to Use Frozen Russian Assets for $50 Billion Ukraine Aid
Anti-Israel Irish MEP Clare Daly LOST her seat in the EU Election
Johnson & Johnson Settles Talc Safety Claims for $700 Million
EU Urged to Welcome Skilled Russians to Weaken Putin
EU Elections Overview: Far-Right Gains and Major Political Shifts
Israel Rescues Four Hostages from Gaza
Emmanuel Macron Calls for Snap Election
Jordan Bardella: Young Far-Right Leader Poised for Future Political Influence in France
World's Oldest Privately Owned Book Auctioned for $3.8 Million
Animal Rights Activists Deface King Charles' Portrait in Protest
Dutch Military Intel Uncovers Extensive Chinese Cyber Espionage
Turkish Student Arrested for Using AI to Cheat in University Exam
Rise in Dengue and Other Mosquito-Borne Diseases in Europe Due to Climate Change
EU Elections Overview: Far-Right Gains and Major Political Shifts
Far-Right National Rally Dominates France's EU Vote
Macron Calls Snap Legislative Elections After Far-Right Victory
Far-Right Gains Significantly in EU Election
UK Job Market Shows Signs of Recovery
Orban’s Fidesz Party Wins Majority in Hungary’s EU Elections as New Challenger Emerges
Meloni's Far-Right Party Wins European Elections in Italy
Key Insights from the European Union Elections
European Union Elections and Rise of Far-Right Parties
England Loses Over 260,000 Social Rent Homes in a Decade
Campaigners Urge Government to Block Shein's FTSE Listing
First NHS AI-Run Physiotherapy Clinic Launches This Year
British TV Presenter Michael Mosley Found Dead on Greek Island
Ukrainian Forces Claims First Strike on Russia's Su-57 Fighter Jet
Macron Dissolves Parliament and Calls Snap Elections
Russia Adds Yulia Tymoshenko to Wanted List
UK Foreign Secretary David Cameron Tricked by Hoax Caller Posing as Former Ukrainian President
Kate Middleton's Absence from Colonel's Review Due to Chemotherapy
UK Foreign Secretary Deceived by Prank Video Call
Sunak Criticised Over D-Day Exit in BBC Debate
Rishi Sunak Apologizes for Leaving D-Day Commemoration Early
UK Woman Sentenced After Causing Fatal Crash While Sending Selfies
Danish Prime Minister Mette Frederiksen Assaulted in Central Copenhagen
UN to Add Israel to Human Rights Blacklist
×