1 year ago
Binance.US has mislaid 2 much high-level executives, not agelong aft the crypto speech mislaid CEO Brian Shroder amid intensifying regulatory scrutiny.
Head of Legal Krishna Juvvadi and Chief Risk Officer Sidney Majalya are leaving the company, the Wall Street Journal reported, citing radical acquainted with the departures. Juvvadi was hired connected May past twelvemonth and Majalya was appointed successful the relation December 2021.
A institution spokesperson declined to comment.
The departures travel aft Binance.US said its CEO Brian Shroder has left the crypto exchange and the institution has eliminated one-third of its workforce.
Binance is facing a pugnacious twelvemonth arsenic regulators person been cracking down connected crypto exchanges, peculiarly successful the U.S. The Securities and Exchange Commission sued the institution successful June for allegedly violating securities laws, which built connected accusations from different American regulator, CFTC.
Earlier this month, Global Product Lead Mayur Kamat left the company aft astir a twelvemonth and a half. Binance besides mislaid Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and elder vice president for compliance Steven Christie, among others, this year.
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