Opyn DeFi protocol founders are leaving crypto after CFTC crackdown

Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the mission and “leaving crypto,” in line with an announcement from Koticha posted to social media on Nov. 14. The assertion comes roughly two months after Opyn settled an enforcement motion towards it from the USA Commodity and Futures Buying and selling Fee (CFTC).

In his assertion, Koticha claimed that the choice was “actually emotional” for them. “We thought we had been going to be in crypto for the remainder of our lives,” Koticha defined. “However sadly and unexpectedly, that is the tip of the highway.” Based on him, Opyn will proceed below the management of its head of analysis, Andrew Leone, who’s being promoted to CEO.

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