Odaily Planet Daily News Junhaeng Lee, the founder of the Korean crypto exchange GOPAX, decided to resign on February 3, and one of the three newly elected directors was elected as the new CEO. It has been confirmed that the director who was elected as the CEO is of Malaysian nationality. A person familiar with the matter said, "The terms of the contract for Binance's acquisition of GOPAX's equity were that Junhaeng Lee resigned after completing the staffing in several steps, but he suddenly resigned, and as far as I know this was a request from Binance. Junhaeng Lee sold all his shares in GOPAX." However, a GOPAX official said, "I think we need Junhaeng Lee to verify whether the resignation is true." Junhaeng Lee previously owned 41.22% of GOPAX's shares. With the change in his position, Binance's participation in the management of GOPAX is expected to officially begin. With the changes in GOPAX's personnel, GOPAX must also report the changes to the Korean Financial Intelligence Unit (FIU) within 30 days from the date of the change, but an FIU official said that there has been no progress in GOPAX's change declaration. (Etoday) According to previous reports, Binance has acquired a majority stake in the Korean trading platform GOPAX. The funds for this acquisition came from Binance’s previously launched $1 billion “Industry Recovery Plan”. The specific acquisition terms were not disclosed.