RYVYL Chairman/Co-founder Ben Errez retires; company pivots to crypto treasury management

RYVYL Inc.

Ben Errez retires as EVP and Chairman effective Aug 31, 2025; will advise through Feb 2026.
Severance: $350,000 cash payment and full vesting of unvested equity upon termination.
Advisory agreement: $10,000 per month from Sept 2025 to Feb 2026 for strategic consulting.
RYVYL shifts focus to crypto treasury management, planning to accumulate crypto as reserve asset.
Departure is for personal reasons, not a disagreement with management.

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