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In 2023, the U.S. Commodity Futures Trading Commission filed and settled charges against Opyn, along with two other DeFi protocols, for allegedly offering derivatives trading without authorization. The team was ordered to pay a $250,000 fine, and co-founders Zubin Koticha and Alexis Gauba announced they were stepping down.
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Opyn CEO Andrew Leone and head of research Joe Clark will join the markets team and help expand the exchange’s Verified Pools feature, according to Coinbase VP of Engineering at Coinbase Markets Harsha Bhat
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The strategic talent acquisition, which includes bringing on CEO Andrew Leone and head of research Joe Clark, reportedly will not incorporate Opyn’s protocol offerings.
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