It would appear one cryptocurrency has effectively broken the negative market trend. The Litecoin price is the first to go in the green despite this current bearish momentum. A surprising turn of events, albeit one that is also more than welcome under the current circumstances. It also shows the Bitcoin price trend can’t keep altcoins down forever m not even in this day and age.
Cryptocurrency industry commentators have reacted suspiciously to news the CEO of Hong Kong exchange OKEx abruptly stepped down May 14.
CEO ‘Starting A New Life’
As Bloomberg reports citing both an emailed statement and private statement from Chris Lee’s spokeswoman, the executive suddenly left his post in order to “start a new life.”
It was his “greatest pleasure and honour” to work with the exchange, his spokeswoman reportedly quoted Lee as saying.
The news comes following a troubling period in OKEx’s history. At the end of March, unusual activity in its futures markets forced staff to roll back futures contracts after it emerged many had suddenly liquidated and a large number of users had lost millions of dollars.