CoinDesk reports that Tim Byun, a senior executive responsible for global government relations at OKX, the world’s second-largest cryptocurrency exchange, has recently resigned. Wei Lan, the product manager, has also left the company.
Before taking on the government relations role, Tim Byun served as the CEO of Okcoin, OKX’s US subsidiary, from 2018 to 2020. According to insiders, Wei Lan was in charge of overseeing most of OKX’s trading activities.
The exchange group is reportedly consolidating its departments under the single brand of OKX, no longer maintaining an independent US brand. Other recent departures include Patrick Donegan, the global compliance director at OKX, who resigned in January after only six months in the position.
