Home Cryptocurrency Former OKEx Chief Joins Rival Cryptocurrency Change Huobi

Former OKEx Chief Joins Rival Cryptocurrency Change Huobi

4 min read

Chris Lee, the previous CEO of Hong Kong-based crypto alternate OKEx, has introduced he’s becoming a member of rival platform Huobi as its vp of worldwide enterprise growth.

In accordance with an announcement by Singapore-based Huobi on Monday, Lee will head the group’s world mergers and acquisitions technique and supervise worldwide growth because the alternate strikes in direction of world enlargement.

“I’m a giant believer in blockchain expertise and consider exchanges as the center of the business,” Lee mentioned within the announcement.

The brand new appointment comes only a week after Lee introduced his resignation from OKEx on WeChat – a departure that got here after simply months because the platform’s CEO.

In accordance with his announcement, Lee had been with OKEx’s father or mother agency OKCoin since 2015. He was appointed CEO of OKEx after his predecessor, OKCoin founder Star Xu, stepped down from the position in February.

In a public notice on WeChat, Lee prompt that OKCoin has skilled a notable turnover charge of senior executives prior to now a number of years.

He mentioned:

“For my former employer, I’ve achieved all I may … The primary era of OKCoin’s worldwide and administration groups have left. How lots of the second era are nonetheless there? And what number of CTOs have left within the final three to 4 years?”

Lee’s resignation additionally comes quickly after OKEx confronted accusations from traders that it manipulated bitcoin futures buying and selling on the platform.

As reported beforehand by CoinDesk, OKEx rolled back futures transactions on March 30 following what it known as an “irregular” sell-off, later denying allegations that it “triggered compelled liquidations of accounts by manipulating the costs.”

“We’ve not cause to, and have by no means and won’t, manipulate the costs of any of our market,” it mentioned on the time.

Bitcoin miniature picture through Shutterstock

The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial policies. CoinDesk is an unbiased working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.

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