Cypherpunk Holdings Appoints Ungad Chadda to Board of Directors

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Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (the "Company"), a Canadian-based company dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem, today announced the appointment of Ungad Chadda as an additional independent director, joining the Company's Board of Directors effective immediately.

Mr. Chadda is a seasoned capital markets regulator and financial services executive, having held various senior positions at TMX Group Limited, the parent company of the Toronto Stock Exchange. During Mr. Chadda's tenure of over 21 years at TMX Group, he held progressively senior roles, including Director of Listings, TSX Venture Exchange; Chief Operating Officer, TSX Venture Exchange; Vice President, Business Development, Toronto Stock Exchange and TSX Venture Exchange; President, Toronto Stock Exchange; CFO of TSX Trust (formerly Equity Transfer and Trust) an OSFI regulated entity; and SVP, Head of Enterprise Corporate Strategy and External Affairs, TMX Group. Currently, Mr. Chadda serves as the CEO and Director of Urban Infrastructure Group Inc., a TSX Venture Exchange-listed company in the construction industry.

Mr. Chadda holds an Honours Bachelor of Commerce from McMaster University, obtained his Chartered Accountancy designation with Ernst & Young LLP in 1996, and completed the Director Education Course at the Rotman School of Management in 2019 as valedictorian.

Leah Wald, CEO of the Company, commented: "We are pleased to welcome Ungad Chadda to our Board of Directors. His addition complements the existing skills of our Board, and we are confident that his regulatory and leadership experience working in the capital markets will help lead the Company forward in executing new and creative strategies in the blockchain and digital asset sectors. Ungad's appointment reinforces our commitment to enhancing our governance and ensuring that the Company remains at the forefront of the digital asset ecosystem."

About Cypherpunk Holdings Inc.
The Company is dedicated to investing in companies, cryptocurrencies, technologies, and protocols within the blockchain ecosystem. With a strategic focus on cryptocurrency and blockchain innovation, the Company leverages its extensive industry expertise to identify and support high-potential opportunities in the digital asset space.

Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.