The CEO of Upbit's parent company, Dunamu, Lee Sirgoo, will step down on July 1.

The CEO of Dunamu, the operator of the Korean crypto exchange Upbit, Lee Sirgoo announced that he will step down on July 1. Lee stated in a statement that he made this decision due to personal health considerations and to support Dunamu’s next stage of growth, needing to face new challenges and changes.

Despite stepping down from the CEO position, Lee plans to continue as a company consultant. Dunamu will announce his successor later.