Bullish, the owner of leading crypto publication CoinDesk, abruptly dismissed three top editors on Friday, including editor-in-chief Kevin Reynolds, according to sources familiar with the matter. The decision comes after a newsroom controversy in which Bullish leadership forced editors to take down an article about the crypto billionaire Justin Sun after his team complained about its tone.
Long a go-to source for blockchain industry news, CoinDesk was instrumental in exposing the massive fraud at Sam Bankman-Fried’s FTX in 2022. More recently, CoinDesk has faced uncertainty since economic troubles at its previous parent company, Digital Currency Group, forced the crypto conglomerate to sell the outlet to Bullish, a crypto exchange, for around $75 million in late 2023.
