Top Executives Resign at Binance Over CEO’s Handling of Regulatory Investigations
According to Fortune, top executives at Binance have resigned due to CEO Changpeng Zhao’s handling of regulatory investigations into the company.
- General counsel Han Ng, chief strategy officer Patrick Hillmann, and SVP for compliance Steven Christie have all informed Zhao of their decision to leave the company.
- The recent departure of Matthew Price, who was in charge of global investigations and intelligence, has also added to the list of resignations.
- Binance has not yet responded to a request for comment.
- The executives made the decision to depart because of Zhao’s response to an ongoing investigation by the Department of Justice.
This series of resignations at Binance is a clear indication of the growing dissatisfaction among top officials regarding CEO Changpeng Zhao’s handling of regulatory investigations. The executives’ departure raises concerns about the company’s ability to navigate through ongoing investigations and maintain compliance in the future.
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