Binance
Binance Executives Exit as the Regulatory Heat on the Largest Crypto Exchange Intensifies
- Chief strategy officer, compliance executive, counsel depart
- Crypto firm faces web of probes including SEC, CFTC lawsuits
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal in 2022.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
The billionaire founder of crypto’s biggest exchange Binance Holdings Ltd. sought to defend the platform following the exits of executives who had been helping the company navigate a widening regulatory crisis.
Changpeng ‘CZ’ Zhao said “we continue to BUILD, and continue to hire” in a tweet on Friday after Binance’s chief strategy officer, general counsel and a compliance official departed, stirring fresh questions about the outlook for an exchange that’s facing probes in the US, Europe and Asia Pacific.