Revelo Intel’s CEO Nick Drakon Resigns After Getting Robbed At Gunpoint

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As a seasoned crypto investor with over a decade of experience in this ever-evolving digital world, I must admit that the recent turn of events has left me both disheartened and cautious. The rising tide of crimes targeting individuals and platforms alike is a stark reminder that even in the realm of technology, human nature’s darker side persists.

Each year, there’s been a significant rise in crypto-related crimes, affecting both individual investors and digital platforms. Even high-profile figures like CEOs are now falling victim to these crimes. A recent event that has left the online community stunned involved Nick Drakon, the CEO of Revelo Intel, who was held up at gunpoint and robbed of company capital, side ventures funds, retained earnings, and even his personal money. According to Drakon, the thieves were particularly interested in the crypto funds and had connections to Revelo’s venture, as they were aware of the crypto wallets Nick managed. Following this incident, Nick Drakon stepped down from his position at Revelo Intel and is assisting local law enforcement with their investigation.

Nick Drakon Resigns From Revelo Intel’s CEO Position

In September 2022, Nick Drakon established Revelo Intel, a research and educational platform, which he has been leading as CEO since then. However, due to recent events related to crypto crimes, Nick has chosen to step down from his role. He addressed the platform’s users through an X post, expressing that he has had mostly positive experiences in the industry for the past four years. Despite encountering numerous remarkable individuals and creating a community over this period, Nick is dismayed by the increasing number of unscrupulous actors. These bad actors have been responsible for incidents such as scams, frauds, and robberies, including one that involved an armed robbery targeting him personally.

For nearly four years, I’ve been an active participant in the crypto world, gaining significant visibility, and it’s largely been an extraordinary journey. I’ve crossed paths with countless intriguing and compassionate individuals, many of whom have grown to be dear friends of mine.

My interactions with 99.5% of folks in the crypto…

— Nick Drakon (@NickDrakon) September 5, 2024

Even though we’re only three months from the end of the year, there’s been a significant surge in cryptocurrency hacks, resulting in a staggering loss of $1.2 Billion so far. This troubling trend has raised serious concerns among investors, who are worried about potential financial losses on their investments they worked hard to accumulate.

Nick Drakon disclosed a troubling incident where both his wife and infant were menaced, forcing him to shift his private assets, company, and funds belonging to investors. It’s important to note that most of the funds were personally owned by him. He admitted feeling responsible for numerous oversights in managing business affairs, which he believes led to being singled out as a target. Consequently, he has decided to relinquish his position to accept responsibility for these errors and prioritize ensuring the safety of his family instead.

Vu Benson Steps Up As New CEO Plus Recovery Plan In Process

Currently, Nick is collaborating with the local law enforcement agency to help retrieve the stolen funds. Additionally, he assures that the users’ money will be returned promptly. Furthermore, he, along with the newly appointed CEO, have earmarked 30% of the company’s earnings for the benefit of those affected by the incident.

In a positive turn of events, the previous Chief Operating Officer, Vu Benson, is now leading as the CEO of Revel Intel. Although there was an incident in the past, Vu Benson has stood by Nick and encouraged others to follow suit by posting on various online platforms.

I believe in Nick’s vision. I believe in what we’re building at ReveloIntel

In a candid moment, he shared that his experience in the cryptocurrency field was challenging, even considering quitting. However, Nick’s composure and practicality caught his attention, compelling him to continue his journey in the industry.

It’s common knowledge by now that something regrettable has happened involving both ReveloIntel and Revelo Ventures, focusing particularly on Nick and his family. The specifics of the situation are for him to disclose, as I am not privy to the details (as mentioned in QT).

I’ve only been in this space for 3 years which, compared to most of you,…

— Vu Benson (@Vu_Benson) September 6, 2024

Final Thoughts

The rise of crimes in the crypto industry is concerning, and now even the crypto celebrities have become the victims. In recent Revelo Intel’s CEO Nick Drakon and his family were threatened and robbed at gunpoint to steal company funds. Moreover, in another crypto crime, a former Kansas bank CEO was sentenced to 24 years in prison after embezzling money and losing it in the pig butchering scams. However, this is not the end, as many similar cases are noted every other day, where more than $1.2 Billion is already lost in crypto hacks.

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2024-09-09 14:42