Binance, the world’s largest cryptocurrency exchange, was sued by US authorities in the past months. In the notes shared by US local sources as of July 6, 2023, Binance CEO has decided to leave due to CZ’s response to the investigation by the US Department of Justice.
Senior executives, including General Counsel Han NG, Chief Strategy Officer Patrick Hillmann, and Senior Vice President Compliance Steven Christie, informed Binance CEO CZ this week that they will be leaving the company. According to sources, these resignations may be related to greater-than-expected court pressure from the US.
Many court and license cancellation decisions made by Binance in recent weeks have left the company in a difficult situation. There has been no statement yet from the company regarding these latest resignation allegations.
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