Binance's General Counsel, Chief Strategy Officer, and Senior Vice President for Compliance Resigned

Binance's General Counsel, Chief Strategy Officer, and Senior Vice President for Compliance Resigned

Binance has seen the departure of three senior officials this week as the company gears up to defend itself on multiple fronts, according to Fortune.

Binance's General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those who have resigned, along with Senior Director of Investigations Matthew Price's recent departure. Binance's Global Vice President of Marketing and Communications Steve Milton also left the company in June.

The exits of executives from the legal and compliance units are likely to complicate Binance's efforts to defend itself as the company faces investigations from multiple regulators around the world.

According to a source familiar with the situation, the decisions by Ng, Hillmann, and Christie to leave were due to Binance founder and CEO Changpeng “CZ” Zhao's response to an ongoing investigation by the U.S. Department of Justice. The investigation reportedly relates to Binance's alleged money laundering, violations of sanctions, and attempts to deceive U.S. regulators.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Binance

In This Article

Related News
UK tribunal starts hearing $9B BSV delisting case UK tribunal starts hearing $9B BSV delisting case
BNB Chain Announces New Program to Support Early Web3 Project BNB Chain Announces New Program to Support Early Web3 Project
Binance Prepares for Europe's MiCA Rules of Stablecoins Binance Prepares for Europe's MiCA Rules of Stablecoins
Binance Calls on Projects to Combat the Low Float and High FDV Trend Binance Calls on Projects to Combat the Low Float and High FDV Trend
Binance and DWF Labs Denied Involvement in Market Manipulation Binance and DWF Labs Denied Involvement in Market Manipulation
Latest News More More
1 Day Ago ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
1 Day Ago Ripple faces securities suit in California over CEO’s ‘misleading statement’
2 Days Ago SEC Ends Probe Into Consensys, Won't Sue Over Ethereum
2 Days Ago Layer 2 network Blast to roll out its token airdrop next week
3 Days Ago Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open