Founder and CTO of Luno exchange owned by DCG “silently” resigned

Timothy Stranex, Founder and CTO of Luno exchange, quietly left the company in December to pursue a “personal project” after 10 years of dedication.

Founder and CTO of Luno exchange owned by DCG “silently” resigned

Accordingly, former Chief Technical Officer Simon Ince has taken on the role of CTO since early 2023, a Luno spokesperson confirmed. Ince said in a statement shared with The Block:

“As CTO appointed earlier this month, I will lead Luno’s global engineering team as we continue to build a simple, intuitive app that fosters a secure and reliable experience for 10 people. million global customers.”

Founded in 2013 by Stranex, Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel, Luno is a cryptocurrency exchange and wallet app serving over 40 countries.

This London-based company has been owned by Digital Currency Group (DCG) since September 2020. On the other hand, DCG .’s subsidiary Genesis going to decide to file bankruptcy and are discussing with creditors about this.

But not only Luno reshuffled the leadership, many other companies are also going through a similar situation after a series of shake-ups from Terra-Luna, Three Arrows Capital and most recently, FTX.

In November, B2C2 market maker Phillip Gillespie passed awayResigned as Group CEO, making way for former CEO Nicola White. CEO Bitmex Alexander Höptner also left the leadership position, following in the footsteps of Jesse Powell of KrakenRobert Gutmann’s NYDIG and Genesis CEO Michael Moro.

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