Noah Perlman, the Chief Compliance Officer of Binance, has confirmed that he will continue working at the cryptocurrency exchange despite the recent regulatory problems and executive resignations. Perlman’s decision comes after other top executives, such as general counsel Han Ng and CSO Patrick Hillmann, left the company. Hillmann stated that he resigned on good terms and will continue to support Binance. Perlman, unlike his former colleagues, expressed his pride in being part of the organization and has no intentions of leaving. Binance CEO Changpeng Zhao (CZ) addressed the departures, claiming that they were unrelated to the legal disputes the company is facing. The US SEC has accused Binance and CZ of breaching regulations, while the Department of Justice is investigating alleged money-laundering activities. In response, Binance has hired former prosecutor M. Kendall Day to assist in its legal battle with the SEC.
– Noah Perlman, the Chief Compliance Officer of Binance, will continue working at the cryptocurrency exchange.
– Other top executives, including the general counsel and CSO, have resigned from their positions.
– Perlman is proud to be part of Binance and has no plans to leave.
– CEO CZ claims that the departures are not related to the company’s legal problems.
– Binance is facing regulatory issues with the US SEC and the Department of Justice.
– The SEC has accused Binance of breaching rules and offering trading services with unregistered securities.
– The Department of Justice is investigating alleged money-laundering activities.
– Binance has hired former prosecutor M. Kendall Day to assist in its legal battle with the SEC.
Hot Take:
Despite the regulatory problems and executive departures, Binance’s Chief Compliance Officer, Noah Perlman, has decided to stay with the company. This shows his confidence in Binance’s future and his dedication to supporting the cryptocurrency industry. Binance’s CEO, CZ, has also reassured his followers that the departures are not a cause for concern and urged them to ignore misleading information. However, the legal disputes with the US SEC and the Department of Justice are significant challenges that Binance will need to navigate carefully. Hiring former prosecutor M. Kendall Day is a strategic move that demonstrates Binance’s commitment to fighting these legal battles.
By
By
By
By
By