The encryption derivatives trading platform faces regulatory lawsuits as top management undergoes a major overhaul to address the crisis.

Recently, a well-known crypto assets derivatives trading platform faced legal action from U.S. regulators, after which its parent company announced significant management changes.

The official statement released by the company shows that several key executives have resigned simultaneously. This includes the founder and CEO, as well as the co-founder and CTO, both of whom left immediately. Another co-founder also no longer holds an executive position in the group. In addition, the head of business development has also left his position.

To fill the senior management vacancy, the company has appointed a new interim CEO. This new CEO joined the company in July 2019, previously serving as the Director Manager of the Asia-Pacific Compliance Department at a well-known investment bank. She will also take on other operational responsibilities.

At the same time, the company appointed a new Business Director. This executive has extensive experience in the financial industry and has worked for several large banks and investment institutions. He will be responsible for managing client relationships and overseeing the platform's financial products.

This series of personnel changes reflects that the crypto assets trading platform is actively responding to regulatory pressure, attempting to reshape its company image and enhance compliance by adjusting its management team. However, whether these changes can help the company weather the storm remains to be seen.