founder Balaji S. Srinivasan publicly revealed his exit from his CTO position at Coinbase in a series of tweets on May 3.

“Coinbase was fun and it was energizing working with so many great people. I’ll be taking a bit of time off to get back in shape — and up to speed on everything happening while I was heads down,” he tweeted. “More soon!” 

“The Earn integration was successful and we’ve closed ~$200M in deals for the new Coinbase Earn. Was also my privilege to help with shipping new assets, launching USDC, & getting staking/voting going,” he added.

Coinbase purchased last year and appointed Srinivasan as CTO after months of speculations. Earn began as a discreet and well-capitalized 21E6 aka which introduced a mining product before moving to a service that rewarded users for answering questions.

A Stanford graduate with a Ph.D. in Electrical Engineering and a master’s degree in Chemical Engineering, Srinivasan purportedly wanted to exit because of a misfit in the company.

“We are very grateful to Balaji for all of his contributions to Coinbase,” said a PR spokesperson of Coinbase. “His efforts over the past year have had a major impact on the trajectory of the company. He’s on to his next challenge and we wish him well.”

Srinivasan’s stepping down is one of the several exits that happened following Coinbase’s $300 million raise.