Chris Lee, Ex-CEO of OKEx Joined the Competing Bitcoin Exchange Huobi

Chris Lee, former CEO of one of the world’s largest bitcoin exchanges OKEx, will continue his career as vice president of global business development at a competing Huobi company.

Huobi said that Chris Lee will lead the group responsible for the strategy of global mergers and acquisitions, and will also oversee the international development of the exchange.

“I deeply believe in blocking technology and consider exchanges as a key component of the industry,” Chris Lee said.

The news that Lee will continue to work in Huobi came just a week after he left the post of CEO of OKEx. As the exchange said then, he took this step for personal reasons, including the desire to “start a new life.”

As noted by CoinDesk, in a public recording in WeChat, Chris Lee stressed that over the past few years, OKCoin (the former name OKEx) has been replaced by a whole galaxy of top managers.

“My former employer … I did everything I could. The first generation of management teams was gone. How many representatives of the second generation are left? And how many technical directors have left in the last three or four years? “He wrote.

Let us recall that earlier the OKEx exchange was based in mainland China, where it operated under the name OKCoin and was one of the most popular trading platforms in the world. Under pressure from the Chinese authorities, the exchange subsequently moved to Hong Kong and continued to operate under a new signboard.

Previously, OKEx was also accused of being involved in manipulating prices in the bitcoin futures market, but the stock exchange itself categorically rejected these claims.