Peng Zhong, the CEO of Ignite, announced his last day on Twitter Friday. Ignite is the company behind the founding of blockchain ecosystem Cosmos.
Zhong’s departure comes just a few months after the company changed its name from Tendermint as part of a reorganization.
In May, CoinDesk reported Ignite’s former CEO, Jae Kwon, would be rejoining the firm. Kwon, one of Cosmos’s co-founders, left the company in 2020 after a widely publicized dispute with some of its employees.
With Kwon’s return the company announced Ignite would split into two: Ignite and New Tendermint, with Zhong continuing to helm Ignite and Kwon taking over as CEO of New Tendermint.
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CoinDesk has reached out to Zhong and Kwon for comment.
This is a developing story. Check back for updates.