Dorsey’s Block Loses Compliance Chief to Crypto Platform Paxos

Block Inc., the digital payments company formerly known as Square, lost its global chief compliance officer to crypto brokerage Paxos Trust Co.

Ben Gray said he hopes to double Paxos’s six-person legal team and grow the compliance operation in the next year. He spent more than six years at Block, which is run by former Twitter Inc. Chief Executive Officer Jack Dorsey.

“The most exciting part of fintech for me is really building the future,” Gray said in an interview. “What Paxos is doing in leveraging blockchain to modernize legacy infrastructure to me has the potential to be a ...