• Binance’s Chief Strategy Officer Patrick Hillmann has confirmed his departure from the crypto exchange.
• Reports suggest other top compliance executives in the United States have also resigned.
• CEO Changpeng “CZ” Zhao denies reports, claiming they are “FUD” and the reasons for the departures are “dreamed up” and “completely wrong.”
Binance’s Chief Strategy Officer Departs
Patrick Hillmann has confirmed that he will be leaving Binance after a two-year stint with the company. He clarified that he was departing on good terms and that it is simply time to move on to the next challenge.
US Compliance Executives Resign
Reports suggest several top compliance executives in the United States have resigned from their positions at Binance, though CEO Changpeng “CZ” Zhao claims these reports are false and “dreamed up” by news outlets.
Han Ng and Steven Christie Resign
General counsel Han Ng and senior vice president for compliance Steven Christie are reportedly among those who have departed from Binance due to CZ’s response to an ongoing investigation by the US Justice Department.
Eleanor Hughes Becomes New General Counsel
Bloomberg reported citing a source, that Binance’s head of legal for APAC and MENA, Eleanor Hughes, will become the new general counsel replacing Ng. Noah Perlamn, who joined as chief compliance officer in February, will remain at the company.
CZ Denies Reports
In response to reports of resignations, CZ tweeted that they were FUD (fear uncertainty doubt). He stated that there is turnover at every company but denied allegations made by news outlets claiming they were “completely wrong.”