Opyn Co-Founders Step Down Amid Regulatory Pressures

Opyn Co-Founders Step Down Amid Regulatory Pressures

The co-founders of Opyn, a prominent DeFi options protocol, have announced their departure from the company and the crypto industry.
This decision comes in the wake of charges filed against Opyn by the Commodity Futures Trading Commission (CFTC) in September.
Opyn’s Co-founders Announce Departure from Crypto
Opyn co-founders CEO Zubin Koticha and Alexis Gauba recently announced their departure from the crypto world. Koticha, in a post on X, stated, “After the regulatory action against Opyn, Alexis and I are leaving crypto.”
Hey Crypto Twitter,
It’s been a while
This one’s a tough one…
After the regulatory action against Opyn, @alexisgauba and I have made the decision that we are leaving crypto.
This is honestly really emotional for me and Alexis.
— zubin koticha (@snarkyzk) November 14, 2023

Koticha expressed his disappointment and surprise at the events, stating, “We spent the last six years working on incredible stuff that would’ve never been possible in TradFi —

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