Read

Edit

History

Notify

Share

Jay Hao

Jay Hao is the CEO of Crypto Hawk and the former CEO of , a cryptocurrency exchange, and digital wallet platform.[1] As a CEO, he was responsible for overseeing the company's strategy, operations, and growth. He is also the Chief Customer Service Officer at , acting as a bridge between and its users. [1]

Education & Early Life

Jay Hao is based in Seychelles, Africa with his family. He considers reading as an escape and his father is the biggest influence in his life. Outside , he enjoys traveling and being exposed to new cultures. On Father's day in June 2020, Jay challenged himself by explaining & to his daughter Sophia as simply as possible.

Jay Hao graduated from the University of Mississippi with a degree in Electrical Engineering in 1994 and then from Georgia Institute of Technology with an MSEE in Electrical Engineering in 1996.[1][2]

Career

Jay Hao began his career in 2003 as the ASIC Director at Anyka SZ, managing multimedia chip projects and leading a team of 20 staff. He later served as Vice President Of Engineering at Amedia Networks, Inc., overseeing wireless connectivity chip design.

In 2006, Hao became CEO of Unichip Technology, managing multimedia codec SoC design. He then chaired Nurotech Inc. in 2011, advising chip design teams.

Joining Hormones Live Inc. in 2017 as Chairman, Hao led external communications and app development efforts. He later became CEO of in November 2018, overseeing the exchange's operations, but stepped down and left the company in January 2023.

Currently, he serves as the Managing Director at Mahant Capital since October 2023, overseeing operations in Las Vegas, Nevada, and as an Investor at GharMates since November 2023. Since February 2023, he is also the Chief Executive Officer of Crypto Hawk, focusing on digital strategy, marketing, and AI-powered quantitative trading analytics tools.

In April 2023, Hao joined Sensorium's advisory board, offering strategic advice for the company's strategy.[1][6][9][10]

OKX

Jay Hao joined in the early days when the space was full of hype, rumors, and myth. His goal was to provide users with the best trading experience and the richest trading products. He saw security, innovation, and reliability as the 3 pillars of . [6]

About his experience building the business, Jay Hao mentioned how important it was for him to be on the front lines with the customers to really understand their needs and pain points. Hao also emphasises the importance of lifelong learning in the "fast-changing" space. [6][7]

2022

Under Jay Hao's leadership, expanded its services to include various financial offerings for , such as spot and margin trading, futures, perpetual swaps, , lending, and services.

OKX Chain, the exchange's network, achieved over 100 million wallets, aligning it with renowned like , , and .

Hao revitalized derivatives market share, increasing it from 8% to 25% by the end of 2022, marking a significant recovery for the exchange.

Despite external challenges, maintained its security and transparency standards, with no history of security disruptions or potential hacks. Following industry incidents, swiftly released a proof-of-reserves report, emphasizing its commitment to transparency, technology, and risk management.[8]

Interviews

Addressing "Withdrawal Controversy"

After a six-week withdrawal suspension on OKEx, (former) CEO Jay Hao addressed concerns during a Telegram session, revealing the exchange's lack of contingency plans for a key holder's arrest. Despite the relief felt by users upon the resumption of services, questions remained.

 “The reason for the suspension of withdrawals was because one of our private key holders was temporarily unable to authorize transactions. We have a very robust backup mechanism in place for private key holders that makes sure the activation of the backup private key can still be triggered in the event of long-term incapacitation, such as death or memory loss. However, we failed to include other important scenarios, such as private key holders becoming unreachable due to unforeseen circumstances, in our contingency plan.”
- Jay Hao

Hao explained that the suspension occurred because a key holder couldn't authorize transactions temporarily. They lacked backup plans for key holders becoming unreachable due to unforeseen circumstances, such as detention. Reports suggest the key holder was OKEx founder , indicating a management gap.

Hao emphasized the need to improve internal processes to prevent future incidents. OKEx pledged transparency by revealing its and reiterated its commitment to anti-money laundering measures, aiming to maintain trust.[11]

See something wrong? Report to us.

Jay Hao

Commit Info

Edited By

Edited On

March 4, 2024

Reason for edit:

added 2022, interviews, current information and changed structure

Feedback

Average Rating

No ratings yet, be the first to rate!

How was your experience?

Give this wiki a quick rating to let us know!

Twitter Timeline

Loading...

Loading

Media

REFERENCES

Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the IQ.wiki site!

Join Now

Subscribe to our newsletter

The IQ Ecosystem Report will keep you updated on everything IQ.

Subscribe

IQ.wiki

IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund group

https://twitter.com/IQWIKIhttps://www.reddit.com/r/Everipedia/https://t.me/everipediahttps://www.instagram.com/iqwiki_/https://github.com/EveripediaNetworkhttps://discord.gg/x9EWvTcPXthttps://www.facebook.com/iqdotwiki

IQ

What's IQ?StakingBonds

Company

About usCareersBrandingIQ GPTIQ Dashboard

© 2024 IQ.wiki Powered By BrainDAO & IQ