Maple Finance Execs Walk Out as Token Drops

Two senior leaders are exiting Maple Finance. Joe Flanagan, the co‑founder and chairman, said after seven years he is leaving. He noted his ideas on strategy and leadership no longer line up with CEO Sidney Powell. Ryan O’Shea, the COO, also said he will step down after nearly five years.

The SYRUP token slipped about 7.5% in the last 24 hours and about 12% over the past week. It is now around $0.12 per token. The market cap sits near $145 million.

Maple said the transition is planned and orderly. Flanagan will stay on to help until the end of 2026. O’Shea’s final day is November 27 and he will have no role after that. The company did not name a new chairman or explain exactly how duties will be split.

While the exits happen, Maple’s lending business keeps growing. Third‑quarter revenue rose to $4.4 million, up 5% from a year earlier. Assets under management climbed 18% to $4.7 billion. The firm also bought back roughly 1.37 million SYRUP tokens in September, double the August amount. It plans to broaden services beyond crypto lending, teaming up with fintech firms and using assets like mortgage‑backed securities.