Crypto Updates

Binance.US Sees More Key Departures

Binance.US and SEC

The winds of change continue to sweep through Binance.US
as the cryptocurrency exchange witnesses the departure of two more high-ranking
executives. The Head of Legal, Krishna Juvvadi, and the Chief Risk Officer,
Sidney Majalya, have decided to part ways with the exchange.

This latest shake-up
comes in the wake of CEO Brian Shroder’s recent exit and coincides with
escalating regulatory scrutiny. Juvvadi, who joined the company in May of the
previous year, and Majalya, who assumed his role in December 2021, have chosen
to leave their positions, as reported by the Wall Street Journal, citing
insider sources.

While the reasons behind
these departures remain undisclosed, their timing is conspicuous. Brian
Shroder, the CEO of the American arm of the global cryptocurrency exchange
Binance, has stepped
down from his role
. Taking
the helm as interim CEO is Norman Reed, the Chief Legal Officer, as confirmed
by a spokesperson from the company.

Furthermore, Binance,
the global crypto exchange platform, has experienced a steady exodus of top
executives in recent months. Over the weekend, the exchange confirmed
the exit
of Mayur
Kamat, the Global Product Lead, who had been with Binance since April 2022.

Conversely, Binance has promoted
Rachel Conlan
to the
position of Chief Marketing Officer (CMO). Rachel Conlan, previously Vice
President of Global Marketing at Binance, will now spearhead the…

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