Who he is
Andy Cheung is a manager and entrepreneur from Hong Kong, known in the crypto sector for having been Chief Operating Officer of OKEx (the exchange today renamed OKX), where he oversaw operations, marketing and public relations. Before the crypto sector he built a career in Asian e-commerce: Sales & Operations Manager at Alibaba.com, CEO of Groupon Hong Kong (2015-2016) and Hong Kong head of iClick Interactive (2016-2017). He studied e-commerce at Bond University. In the crypto world he was also co-founder and CEO of the blockchain consultancy Bitwork and, in 2021, an advisor to the SmartKey project for expansion in Asia-Pacific.
Current role
Andy Cheung is NO LONGER COO of OKEx/OKX: he left the exchange in December 2019 (Verified: September 2026). In 2020 he founded ACDX (Advanced Crypto Derivatives Exchange), a derivatives and structured products exchange based in the Seychelles, launched in August 2020 with the ACXT token. ACDX appears to be inactive: since October 2022 the site has been reduced to a landing page only, with reports of users unable to access their funds, and industry trackers classify it as an exchange that is no longer operational; even today the site shows products expiring in July 2021, a sign of a frozen platform (Verified: September 2026). No official closure announcement could be found. No public roles for Cheung are documented after 2021.
Career path
- 2010-2017 — Career in Asian e-commerce: Alibaba.com, CEO of Groupon Hong Kong, iClick Interactive.
- 2017-2019 — COO of OKEx, among the world's largest exchanges at the time; leaves in December 2019.
- 2020-2021 — Founds ACDX (10 million dollars raised, ACXT token) and leads the consultancy Bitwork; advisor to SmartKey (2021). Since 2022 ACDX appears inactive.
Recent developments and controversies
- ACDX inactive since 2022: industry reviewers (Cryptowisser) placed it in the "exchange graveyard" after the site became unreachable beyond the landing page, with reports of inaccessible funds. No official closure statement could be found (Verified: September 2026).
- No legal proceedings against Cheung appear in public sources.
FAQ
Does Andy Cheung still work at OKX? No: he left the role of COO of OKEx (today OKX) in December 2019 to found the derivatives exchange ACDX.
What happened to ACDX? Launched in 2020, it has appeared inactive since October 2022: the site is reduced to a landing page and there are reports of inaccessible funds, without an official closure announcement.
See also
OKX · Angela Tong · Alexander Höptner
Verified sources
- https://www.theblock.co/post/70390/former-okex-execs-crypto-derivatives-exchange-acdx-is-l
- https://www.cryptowisser.com/exchange/acdx-exchange/
- https://www.financemagnates.com/cryptocurrency/news/ex-okex-coo-aims-to-raise-40m-for-his-
- https://skeynetwork.medium.com/bitwork-ceo-and-okex-executive-andy-cheung-joins-smartkey-b
