OKX Accuses Rival ‘BN’ of ‘Predatory Poaching’ After Firing X Layer Spokesman
The post OKX Accuses Rival ‘BN’ of ‘Predatory Poaching’ After Firing X Layer Spokesman appeared on BitcoinEthereumNews.com.
Key Notes OKX claims nearly 100 former Binance managers joined with compensation increases between 100% and 500%. The rivalry between OKX and Binance dates back to 2015 with accusations of contract forgery and volume manipulation. Binance maintains 39.71% market share while OKX holds 5.6% according to Q3 2025 trading volume data. X Layer announced on Oct. 28 that it immediately removed spokesperson Felix Fan for activities that created a conflict of interest with the company. The OKX-affiliated blockchain did not specify the nature of the activities. On Industry Competition and Talent Policy: Recently, we’ve noticed that a certain competitor, “BN,” has been enthusiastically firing tempting “sugar-coated bullets” at OKX employees. We fully understand that this is part of normal business competition — and as always, OKX would… https://t.co/D23kFogpk4 — hong (@hfangca) October 28, 2025 OKX President Hong Fang followed with a statement on X accusing a competitor identified only as “BN” of firing “tempting ‘sugar-coated bullets’” at OKX employees, according to the post. While Fang did not name the rival, community members widely interpret “BN” as referring to Binance BNB $1 144 24h volatility: 0.2% Market cap: $157.66 B Vol. 24h: $2.39 B , with users commonly calling Binance Square “bn square” on social media. 0x4dbfe198d8fb5ade5ff2a1655737177520bd4444币安一号 和抖音一号一模一样币安广场直播能送的最贵的礼物如果cz在bn广场直播会有多少人给他送币安一号？@cz_binance pic.twitter.com/Bno34kGg3W — don1z (@0xdongz) October 28, 2025 Alleged Poaching Pattern Fang alleged the competitor follows a “use-and-discard” hiring pattern. The statement cited a former Chief Legal and Compliance Officer who left within four months and a former DEX product manager who was quickly terminated. OKX has a policy to “match or exceed” competing offers for key talent who share the offer with HR, according to Fang’s statement. The company claims nearly 100 former senior and mid-level managers from the competitor have joined OKX, receiving compensation increases between 100% and 500%. The exchange has…
Filed under: News - @ October 28, 2025 10:29 pm