{"id":550872,"date":"2026-07-30T15:11:54","date_gmt":"2026-07-30T14:11:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=550872"},"modified":"2026-07-30T15:55:55","modified_gmt":"2026-07-30T14:55:55","slug":"bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/","title":{"rendered":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury"},"content":{"rendered":"<p>BNB Plus, formerly known as Applied DNA Sciences, now pairs a BNB treasury strategy with its LineaRx biotechnology business. The company agreed to pay $1 million in cash and issue 200,000 preferred shares to end its relationships with Cypress, which had held discretionary authority over company-designated crypto accounts and wallets.<\/p>\n<p>The July 23 deal followed Nasdaq's suspension of BNBX trading, and subsequent filings name no replacement for departed chief investment officer Patrick Horsman.<\/p>\n<p>The settlement ended a digital-asset management agreement with Cypress LLC, a strategic-adviser agreement with Cypress Management LLC and an October 2025 consulting agreement with Horsman, according to a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/744452\/000110465926088139\/tm2621525d1_8k.htm\">July 29 filing<\/a>.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/bnb-treasury-company-faces-delisting-from-nasdaq-on-aug-21\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">BNB treasury company faces delisting from Nasdaq on Aug. 21<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<p>BNB Plus agreed to pay $500,000 when the agreements ended and another $500,000 in 12 equal monthly installments. It will also issue the Cypress parties 200,000 Series B-1 preferred shares across 12 installments. A qualifying payment default can trigger a $1.25 million fee, reduced by the monthly cash installments already paid.<\/p>\n<p>The stock component is not equivalent to another cash payment. The <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/744452\/000110465926066610\/tm2615620d1_ex3-1.htm\">Series B-1 terms<\/a> set an initial liquidation preference and conversion price of $1.05 per share, an 8% annual dividend and a liquidation formula tied to accumulated preference and unpaid dividends. Those contractual terms do not establish a realizable market value for the settlement shares.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/one-bitcoin-treasurys-paper-loss-just-made-strategys-stress-everyones-problem\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">One Bitcoin treasury\u2019s paper loss just made Strategy\u2019s stress everyone\u2019s problem<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<p>Cypress also accepted a standstill through Sept. 29, 2030. The deal calls for 695,322 Series E-1 advisory warrants to be rescinded and another 1,291,312 warrants to be modified, covering nearly 2 million warrants in total.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-550936\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn.png\" alt=\"Infographic showing BNB Plus's July 2026 settlement timeline, cash and Series B-1 consideration, warrant changes, standstill and leadership exits.\" width=\"720\" height=\"1133\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn.png 1000w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn-191x300.png 191w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn-651x1024.png 651w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn-768x1208.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ig_bmHgjHhVAXktcQQFREYo8etn-976x1536.png 976w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>Who now makes the company's day-to-day BNB investment decisions remains undisclosed. Horsman ceased serving as CIO on July 23, while chairman and director Joshua Kruger will resign effective Friday, July 31. BNB Plus said Kruger's departure was not caused by a disagreement, and its filing named neither a successor CIO nor a replacement asset manager.<\/p>\n<p>Cypress's discretionary management mandate has ended. Separately, the Series B-1 certificate gives holders of a majority of the preferred shares consent rights over specified material treasury transfers, custody-related liens and treasury-subsidiary actions, subject to an exception for defined ordinary-course custody or staking liens.<\/p>\n<p>The <a href=\"https:\/\/cryptoslate.com\/market\/\">Nasdaq Stock Market<\/a> <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/744452\/000110465926082893\/tm2620287d1_8k.htm\">suspended BNBX<\/a> at the open on July 14 after a Hearings Panel decided to delist the shares for failing the $1 minimum-bid requirement. BNB Plus said it planned to seek Listing Council review, which would not stay the suspension, and that Form 25 would follow only after appeal periods elapsed. The company's investor-relations page displayed OTCQB (BNBX) on July 30.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/eric-trumps-american-bitcoin-forces-1-for-15-reverse-split-to-avoid-nasdaq-delisting-amid-8k-btc-holding\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">Eric Trump\u2019s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<p>In its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/744452\/000110465926062596\/tmb-20260331x10q.htm\">March 31 quarterly report<\/a>, BNB Plus reported 2,186 BNB held through subsidiaries, a receivable for the equivalent of 6,077 BNB after those tokens were transferred to Hex Trust under arrangements allowing rehypothecation, and 435,638 OBNB trust units. The July 29 filing did not update those quantities or provide a complete current custody map.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The settlement changes nearly 2 million warrants while filings name no successor CIO or asset manager.<\/p>\n","protected":false},"author":1264,"featured_media":551029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80573,77968],"tags":[76230,79158,77433],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury<\/title>\n<meta name=\"description\" content=\"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury\" \/>\n<meta property=\"og:description\" content=\"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-30T14:11:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-30T14:55:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bnb-plus-nasdaq-suspension-cypress-exit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\"]},\"headline\":\"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury\",\"datePublished\":\"2026-07-30T14:11:54+00:00\",\"dateModified\":\"2026-07-30T14:55:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\"},\"wordCount\":485,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"BNB\",\"Hex Trust\",\"payments\"],\"articleSection\":[\"Digital Asset Treasuries\",\"Featured\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\",\"url\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\",\"name\":\"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-07-30T14:11:54+00:00\",\"dateModified\":\"2026-07-30T14:55:55+00:00\",\"description\":\"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury","description":"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/","og_locale":"en_US","og_type":"article","og_title":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury","og_description":"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.","og_url":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/","og_site_name":"CryptoSlate","article_published_time":"2026-07-30T14:11:54+00:00","article_modified_time":"2026-07-30T14:55:55+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bnb-plus-nasdaq-suspension-cypress-exit.jpg","type":"image\/jpeg"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright"]},"headline":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury","datePublished":"2026-07-30T14:11:54+00:00","dateModified":"2026-07-30T14:55:55+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/"},"wordCount":485,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["BNB","Hex Trust","payments"],"articleSection":["Digital Asset Treasuries","Featured"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/","url":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/","name":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-07-30T14:11:54+00:00","dateModified":"2026-07-30T14:55:55+00:00","description":"BNB Plus will pay $1 million and issue 200,000 preferred shares to end Cypress agreements after Nasdaq suspended BNBX.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/bnb-treasury-company-dumps-its-crypto-manager-after-nasdaq-suspends-its-stock-leaving-no-one-in-charge-of-its-treasury\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/550872"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=550872"}],"version-history":[{"count":7,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/550872\/revisions"}],"predecessor-version":[{"id":551044,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/550872\/revisions\/551044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/551029"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=550872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=550872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=550872"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=550872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}