Morph CEO Cecilia Hsueh Steps Down, Ex-Binance Exec Colin Goltra to Lead Layer 2 Project
Cecilia Hsueh, co-founder and CEO of Ethereum Layer 2 startup Morph, announced Monday that she is stepping down from her role, officially passing the reins to Colin Goltra, a seasoned Web3 executive and former Binance director.
"This news might feel a bit heavy, but I think it’s time to share this decision with everyone," Hsueh wrote in a personal statement on X (formerly Twitter). "After careful reflection, I’ve decided to officially step aside as CEO."
This news might feel a bit heavy, but I think it’s time to share this decision with everyone. After careful reflection, I’ve decided to officially step aside as CEO of @MorphLayer.
— Cecilia Hsueh (@cecilia_hsueh) June 2, 2025
Morph has been my obsession, my home, and one of the wildest, most meaningful ride of my life.…
Hsueh’s departure marks the second high-profile leadership change for Morph in recent weeks, following the exit of co-founder and COO Azeem Khan. Despite the shakeup, Hsueh emphasized that the leadership transition has been underway for months and expressed strong confidence in Goltra’s ability to lead the project forward.
After careful consideration, I’ve chosen to step down from my position as co-founder & COO of @MorphLayer .
— azeem (@azeemk_) March 21, 2025
This was not a decision I took lightly, but ultimately after thinking it over, this is the best path forward for me.
I’d like to take a moment to thank all my…
“Colin is someone I deeply trust,” Hsueh added. “With over a decade in Web3, including senior roles at Binance and Yield Guild Games (YGG), he’s the right person to guide Morph into its next phase.”
Goltra joined Morph as Chief Growth Officer in January and brings extensive experience in crypto operations and expansion strategy. Before Morph, he served as Binance’s Director of APAC Expansion and was also COO at YGG, a prominent decentralized gaming guild.
Launched in 2023 and incubated by Bitget, Morph is building an Ethereum Layer 2 network that merges optimistic and zero-knowledge rollup technologies. The company aims to deliver scalability without sacrificing decentralization, touting a unique decentralized sequencer—an integral component for bundling and ordering off-chain transactions before settling them on Ethereum.
Morph launched its mainnet in October 2024 and quickly attracted industry attention, including an integration with Bitget Wallet. The project has raised $20 million to date, including a $19 million seed round led by Dragonfly. Other prominent backers include Pantera Capital, Foresight Ventures, Spartan Group, Symbolic Capital, and individual investors like Polygon co-founder Sandeep Nailwal and Nansen CEO Alex Svanevik.
While stepping down from day-to-day operations, Hsueh confirmed she will stay on as an advisor to Morph, signaling continued involvement in the project’s long-term vision.