Top OKX executives Tim Byun and Wei Lan exit crypto exchange: report

Exchanges • April 16, 2024, 4:03PM EDT

Published 1 minute earlier on

UPDATED: April 16, 2024, 4:07PM EDT

Quick Take

Tim Byun and Wei Lan, veteran executives at OKX crypto exchange, have exited the company, according to CoinDesk.

Two of OKX's most senior executives have departed the company, according to a report from CoinDesk.

Tim Byun, who served as global government relations officer at the company and Wei Lan, head of product, have left OKX, the report said, citing anonymous sources. Byun at one time served as CEO of OKCoin, the parent company's U.S. subsidiary.

The departures come as OKX has been attempting to expand its global footprint and acquire more customers outside of China. The exchange is one of the world's largest by trading volumes.

OKX didn't immediately respond to a request for comment.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.