OKX's global chief compliance officer, Patrick Donegan, left in January after just six months in post.
Donegan, whose responsibilities included anti-money laundering, managed a team of 300.

The global chief compliance officer for OKX, Patrick Donegan, left his role at the second-largest cryptocurrency exchange after just six months in the job, according to his LinkedIn profile.

Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with "skills in creating policies and procedures, meeting regulatory expectations while promoting business initiatives and establishing strong relationships with regulators."

Donegan was previously chief compliance officer and senior vice president at the once crypto-friendly Signature Bank, where he has served for almost eight years.

Neither OKX nor Donegan responded to requests for comment.

Updated 3/29/2024 23:00 UTC to fix Donegan's official title. Updated 4/2/2024 15:00 UTC to make edits, remove reference to KuCoin, Binance.

OKX Compliance Exchanges Regulation Management

Ian Allison

Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.