Velocity DEX CEO Cindy Leow steps down after relaunch
- —Leow led the project for 5.5 years, from its November 2021 launch on Solana
- —An April 1, 2026 exploit drained over $280 million and forced the platform offline
- —Drift Protocol rebranded to Velocity DEX in July 2026 and relaunched publicly in September
- —Remaining leadership includes David and Noah Prince, both ex-Binance
Why it matters: The leadership change after one of DeFi's largest exploits tests whether the rebuilt platform can retain user trust and trading volumes.
Source: Crypto Briefing