Cecilia Hsueh, co-founder of the Bitget Layer 2 project, announced her departure as CEO on Monday. She is passing the reins to Colin Goltra, a former Binance executive and current Chief Growth Officer of the company. This handover marks a new stage in Morph’s development strategy, incubated by Bitget and supported by Dragonfly, Pantera, and other Web3 heavyweights.
La PDG de Morph quitte son poste, remplacée par un cadre de Binance
“After careful consideration, I have decided to officially step down as CEO,” Hsueh posted on X, mentioning a transition process that began three months ago. However, she will continue to support the project as an advisor. Her departure comes shortly after co-founder and COO Azeem Khan’s, creating a dual turning point for the leadership team.
Colin Goltra, who joined Morph in January 2025 according to his LinkedIn profile, officially takes the helm. With over ten years of experience in the web3 ecosystem, he has held key positions at Binance (including leading APAC expansion) and served as COO of Yield Guild Games. Hsueh expressed her full confidence in him to lead Morph into its next phase.
Morph, un Layer 2 proche de Bitget avec un sequencer décentralisé
Founded in 2023 in Singapore, Morph is developing a Layer 2 solution on Ethereum combining optimistic rollups and zero-knowledge proof disclosures (ZK). The protocol stands out for its intention to introduce a decentralized sequencer, a crucial innovation in Layer 2 architecture, often criticized for their reliance on a single sequencer.
This component organizes off-chain transactions before recording them on Ethereum, and Morph aims to make it completely permissionless, a strategic advancement for the effective decentralization of DeFi, gaming, social, or cultural applications.
The mainnet was launched in October 2024, with quick integration of the Bitget wallet. Since then, Morph claims to be building an infrastructure capable of supporting “limitless possibilities” for developers.
Un projet soutenu par les grands noms du Web3
The startup raised $20 million in its initial funding rounds in 2023, with $19 million in a seed round led by Dragonfly. Other investors include Pantera Capital, Foresight Ventures, The Spartan Group, Symbolic Capital, as well as industry figures like Sandeep Nailwal (Polygon) and Alex Svanevik (Nansen).
With a now finalized governance change, Morph enters a new era. Goltra’s challenge will be to anchor the protocol in an increasingly competitive L2 ecosystem, while delivering on the promise of real technical decentralization.
