Several top executives of major cryptocurrency exchange Binance are leaving the company as it faces pressure from regulators in numerous countries.
Chief strategy officer Patrick Hillmann and senior vice president of compliance Steven Christie said in tweets Thursday that both had left. General counsel Hon Ng has also departed, according to Binance.
Binance said Matthew Price, the company’s global head of intelligence and investigations and a former IRS agent, left earlier this year.
Binance and its CEO Changpeng Zhao disputed some details of an article in Fortune that reported the executives chose to depart over Zhao’s handling of an ongoing probe into the company by the Department of Justice. Fortune was the first to report the executive exits.
"Yes, there is turnover (at every company). But the reasons dreamed up by the "news" are completely wrong,” Zhao said over Twitter. "We continue to BUILD, and continue to hire," he added.
A spokesperson for Binance said Friday that "the reason reported for why they departed is simply not true."
4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong.
As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months…— CZ Binance (@cz_binance) July 6, 2023
Hillmann, who joined the company in September 2021, said Thursday over Twitter that "it’s true that I am leaving [Binance],...
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