CoinDesk’s new owner Bullish replaces CEO in restructuring.

CoinDesk and Bullish employees were informed of the change in a memo Thursday from Bullish CEO Tom Farley. Tom Farley said the restructuring is intended to transition CoinDesk’s media, indices and events businesses to a more flat organizational structure. Some CoinDesk functions, such as Human Resources, now report to their respective departments at Bullish. Farley said CoinDesk’s technology and product teams will also be integrated with Bullish.