Cypherpunk Holdings Inc. Announces Resignation of CEO Due to Family Illness

TORONTO, ONTARIO, Canada, March 31, 2020 – Cypherpunk Holdings Inc. (“Cypherpunk” or the
(CSE: HODL) announces that CEO Dominic Frisby is resigning from the company due to
family illness.

“It is with great regret that I have to stand down from Cypherpunk Holdings, so early in our company’s
evolution. I see such enormous potential both with the company and privacy technology more generally.
However, some extremely difficult circumstances have arisen at home that have forced my hand, and I am
unable to carry on. I have enjoyed my time as director and CEO enormously, and I would like to thank the
board for having given me this opportunity. I am sorry my departure is so sudden.”

With the Covid-19 crisis ongoing, the board has decided it would be inappropriate to appoint a new CEO
at present. Instead the focus will be on reducing costs and preserving capital. For the time being, a
committee comprised of several directors of the board will run the day-to-day business of the company
until a new CEO is appointed.

Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols, which
enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong
privacy, often within the blockchain ecosystem, including select cryptocurrencies. Cypherpunk’s common
shares trade on the Canadian Securities Exchange under the symbol “HODL”.

More details, and the latest company presentation, can be found at the company website:

Cautionary Note Regarding Forward-Looking Information

Cautionary Note Regarding Forward-Looking Information

Cypherpunk Holdings Cautionary Note Regarding Forward-Looking Information at the following link.

Cautionary Note Regarding Forward-Looking Information

For further information contact:
Marc Henderson, interim Chief Executive Officer
Toronto, Canada +1 (416) 599 7363

Suite 3680
130 King St. W.
Toronto, ON M5X 1B1
Tel: 416.599.8547
Fax: 416.599.4959

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