Binance's Head of Product Departs

1 year ago

Cryptocurrency speech Binance has seen different elder enforcement depart the company, with Global Product Lead Mayur Kamat heading for the door.

"We tin corroborate that Mayur has stepped down from his relation arsenic merchandise lead," a Binance spokesperson said successful an emailed statement. "We are grateful to him for helping usher Binance done immoderate of our astir explosive maturation and we privation him the precise best."

A erstwhile vice president of merchandise astatine question cause Agoda, Kamat joined Binance successful April 2022.

Kamat's departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, SVP for Compliance Steven Christie, who some near the institution successful aboriginal July.

Their departures were linked to laminitis Changpeng "CZ" Zhao's effect to the probe of Binance by the U.S. Department of Justice, according to reports. CZ nevertheless described this arsenic "FUD" (fear, uncertainty and doubt).

The quality of Kamat's departure was reported earlier by The Block.

Edited by Oliver Knight.

View source