The founder and CTO of Luno, the crypto exchange owned by Digital Currency Group (DCG), has stepped down.
While the crypto market has been rocked by the collapses of Terra, Three Arrows Capital, and most recently, FTX, crypto firms have experienced many executive leadership changes in recent months.
Director of DCG’s Crypto Exchange Luno Resigns
Founder and chief technology officer of crypto exchange Luno Timothy StranexAfter ten years at the company, he quietly left the company in December to pursue his personal projects.
A company spokesperson, former vice president of engineering Simon FineHe confirmed that he had assumed the role of CTO since the beginning of the year.
Ince shared the following with The Block:
The London-based firm started crypto holding in September 2020. Digital Currency Group Bought by. Genesis Global Capital, another subsidiary of DCG, is currently on track to file for bankruptcy, where creditors are negotiating a pre-packaged plan with the firm.