DV8 Public Company Limited, a publicly listed firm in Thailand looking to reinvent itself as a Bitcoin Treasury firm, has appointed Thai business magnate Chatchaval Jiaravanon as its new Chairman, according to a July 11 statement shared with CryptoSlate.

Jiaravanon, best known internationally for acquiring Fortune Magazine in 2018, is part of Thailand’s influential Charoen Pokphand Group family.

DV8’s leadership change

His appointment comes amid a broader leadership revamp at DV8 to align the company with emerging crypto-native financial models.

Under his guidance, the firm plans to adopt Bitcoin-centric treasury practices and invest in DeFi, corporate governance innovation, and next-generation digital infrastructure.

DV8 also revealed ambitions to build a crypto-integrated digital banking system that supports long-term financial inclusion and innovation across Southeast Asia.

Meanwhile, Jiaravanon will lead an 11-member board comprising key figures from traditional finance and the Web3 ecosystem.

The new board members include Vichate Tantiwanich, Natavudh Pungcharoenpong, John Riggins, Samuel Coyn Mateer, Henry Elder, and Jason Fang. The group combines deep local business knowledge with international experience in crypto asset management and blockchain development.

This leadership overhaul positions DV8 to become a major player in digital asset strategy and crypto-financial infrastructure.

Notably, Jiaravanon brings relevant experience through his blockchain startup Lightnet, which launched in 2020 to use distributed ledger technology to provide low-cost remittance services for underbanked migrant communities in Southeast Asia.

Meanwhile, the leadership changes follow DV8’s recent acquisition by a strategic consortium that includes several prominent crypto investment groups. The investors include UTXO Management, Sora Ventures, Kliff Capital, Moon Inc., AsiaStrategy, and Mythos Group.

Notably, all the investors involved in the deal have agreed to a 12-month lock-up period. Market observers have described this move as a strong vote of confidence in DV8’s new direction and the broader Thai crypto market.

Fang, founder of Sora Ventures, expressed excitement about Thailand’s potential in the crypto and DeFi space, stating:

“Thailand at one point had the 4th largest DeFi users in the world. It’s a hidden gem, and now we’ll unlock it together.”

Mentioned in this article

Bank of America is reportedly refusing to reimburse a customer whose account was drained of thousands of dollars after thieves stole his unlocked phone.

BofA customer Brandon Wilson was leaving a bar in Chicago on Labor Day in September of 2024 when he was accosted by thugs, reports ABC 7 Chicago.

“As I was waiting for my Uber outside, a group of people surrounded me. They threatened me. They asked me to empty my wallet, to give them my phone, to unlock my phone… I was beyond terrified. I followed what they said, because I thought I was going to have my life taken from me.”

After getting home and finding $4,446 had been transferred out of his Bank of America account via multiple Zelle transactions, Wilson called the trillion-dollar lender and reported the fraudulent activity. Bank of America temporarily credited his account and Wilson assumed that would be the end of it.

“At that point I thought I was good.”

The week after, however, Bank of America sent Wilson a letter claiming he had authorized or permitted the transactions.

“Brandon, we’re unable to approve your recent claim. The charge was authorized by you or made by someone who has permission to use the card or account.”

Wilson, who has been with Bank of America since he was 14, submitted another fraud claim but the trillion-dollar lender again rejected his claim.

After ABC 7 Chicago reached out to Bank of America, a spokesperson for second-largest bank in the US after JPMorgan Chase said the case would be reviewed. Wilson is now hoping Bank of America will reimburse him.

“It’s clear as day that I didn’t make these charges.”

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