The head of government relations and the head of product at crypto exchange OKX have resigned from their positions. The reasons for the resignation were not disclosed.

Tim Byun served as CEO of Okcoin, a subsidiary in the United States, until 2020, and then headed the government relations department. Wei Lan led the platform's product department.

This is not the first dismissal of senior executives at cryptocurrency exchange OKX in recent months. In January 2024, the head of global compliance, Patrick Donegan, who had been in office for less than a year, announced his resignation from his post.

Representatives of the OKX exchange have not yet officially commented on the new resignations of top managers.

Earlier, crypto journalist Colin Wu reported that OKX was making its compliance department a priority. Any operations and decisions related to the activities of the department will be carried out first.