Crypto Updates

Binance Loses Top Executives amid Regulatory Challenges

Binance Seeks to ‘Work Closely’ with Malaysian Crypto Exchanges

Binance’s senior executives are reportedly leaving the
organization following the regulatory crisis facing the cryptocurrency exchange .
According to the people familiar with the matter, some of the employees of the
exchange were planning to resign from their roles, while others had already left.

Patrick Hillmann, the
Chief Strategy Officer who joined Binance in 2021, confirmed on Friday that he
was quitting his job. However, Hillmann said in a tweet that he was
parting ways with the company on good terms.

The other senior
executives who have reportedly left Binance are Steven Christie, the Senior Vice
President for Compliance, and Hon Ng, the General Counsel, according to the
sources familiar with the matter who shared information with Bloomberg. Eleanor
Hughes will reportedly take over as the new General Counsel.

Changpeng Zhao ‘CZ’, the
CEO of Binance, has,…

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