OKEx CEO Quits To ‘Start New Life’ As Exchange Overtakes Binance As World’s Largest

Malta-dependent cryptocurrency trade OKEx sparked criticism Could 14 as its CEO resigned.  The move comes the very same 7 days the exchange’s trade volumes reportedly overtook these of industry leader Binance.

As Bloomberg stories right now, quoting two statements from the exchange, OKEx CEO Chris Lee remaining his situation in order to “start a new lifetime.”

According to an unnamed spokeswoman, Lee said it was the “greatest pleasure and an honor” to have labored at the exchange.

The occasion coincided with news that OKEx turnover had attained around $2 bln in trades in the past 24 hours, outpacing that of Binance, which had been the world’s greatest trade due to the fact January this 12 months.

Reactions from cryptocurrency figures and social media commentators were skeptical, however, as OKEx’s father or mother operator OkCoin experienced formerly been embroiled in scandal about allegedly pretend investing volume.

The hottest figures, entrepreneur Alistair Milne hinted, could counsel the exchange was “up to its previous tricks.” Milne did not particularly point out the allegations, which surfaced next an audit of OkCoin in August 2014.

According to Bloomberg in the meantime, Lee, who grew to become OkCoin’s CFO in Could 2016 prior to using more than running OKEx in Could 2017, “did not elaborate” on why he had picked to quit.


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