Surojit Chatterjee, the former chief item officer at Coinbase, will formally leave the business on Feb. 3 after reportedly making an approximated $105 million in stock sales.

According to disclosures submitted with the Securities and Exchange Commission, Chatterjee will likewise retain 249,315 shares of Coinbase stock. At the time of publication, Coinbase stock was valued at $54.28 per share, so those shares deserve $13.5 million.Chatterjee joined Coinbase from Google in February 2020 with a salary of just under $1 million per year. In recognition of Chatterjee’s contributions to the company, Coinbase and Chatterjee have actually entered into a separation contract that includes severance benefits and a deal for him to supply advisory services from Feb. 4 through to Dec. 31.

According to disclosures that Coinbase submitted with the Securities and Exchange Commission, Chatterjee will receive “a lump amount payment constant with our existing Change of Control and Severance Policy, which attends to payments and benefits to executive officers upon certain certifying terminations.” In addition, Chatterjee will “continue to get health insurance coverage pursuant to COBRA for a period of 10 months following the month of the Separation Date.” The severance benefits are contingent upon “Mr. Chatterjee not revoking a separation and release of claims in favor of the Company.”

In a Linkedin post revealing his departure from Coinbase, Chatterjee specified:

“I’m eagerly anticipating continuing to contribute in my function as a consultant to Brian and the exec team and to continuing the hard but crucial work of developing more economic liberty and building a much better web for everybody.”

Related: Coinbase cut expenses and reinforced associate, but revenues stay challenged: Analysts

Coinbase continues to face difficulties in the middle of current market conditions. On Jan 18, Pandoraland reported that Coinbase would terminate its operations in Japan and perform a total review of its organization in the country due to market conditions.

As an outcome, all Coinbase Japan consumers have till Feb. 16 to withdraw their fiat and cryptocurrency holdings from the platform. After Feb. 17, any remaining crypto possessions held by Coinbase Japan customers will be converted to Japanese yen.