{"id":1966348,"date":"2023-07-07T06:59:02","date_gmt":"2023-07-07T10:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-exchange-binance-hit-by-executive-exodus\/"},"modified":"2023-07-07T06:59:57","modified_gmt":"2023-07-07T10:59:57","slug":"crypto-exchange-binance-hit-by-executive-exodus","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-exchange-binance-hit-by-executive-exodus\/","title":{"rendered":"Binance faces executive exodus in crypto exchange."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcrypto-exchange-binance-hit-by-executive-exodus%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1966348&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Executives Quit Binance Amid Legal and Regulatory Challenges<\/h2>\n<p>By Tom Wilson and Jaiveer Shekhawat<\/p>\n<p>A string of executives have quit Binance, according to their tweets and media reports, the latest blow for the world\u2019s biggest crypto exchange as it battles a slate of legal and regulatory headaches.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Chief Strategy Officer Patrick Hillmann said in a tweet on Thursday that he was leaving the exchange, citing personal reasons. Steven Christie, a compliance executive who joined Binance in May 2022, also tweeted on Friday that he was leaving, saying he was \u201ctired\u201d and that he needed to \u201close some weight.\u201d    <\/p>\n<p>General Counsel Hon Ng has also quit, Fortune and Bloomberg News reported on Thursday, with both outlets citing a person familiar with his departure. Yibo Ling, Binance\u2019s U.S.-based chief business officer, has also left, Bloomberg reported. <\/p>\n<p>Binance did not immediately respond to a request for comment on the resignations. Neither Ng nor Ling immediately replied to LinkedIn messages form Reuters.<\/p>\n<p>Last month, U.S. regulators sued the crypto exchange and its CEO Changpeng Zhao for allegedly operating a \u201cweb of deception.\u201d Binance has said it would defend itself \u201cvigorously.\u201d <\/p>\n<p>The exchange is under investigation by the U.S. Justice Department over possible money-laundering and sanctions violations, Reuters has reported.  <\/p>\n<p>Fortune, citing a person at Binance familiar with the situation, reported that the executives quit over Zhao\u2019s response to the Justice Departure probe. Reuters could not independently confirm this.<\/p>\n<p>Zhao, a billionaire who is one of crypto\u2019s most powerful figures, said in a tweet on Friday: \u201cYes, there is turnover (at every company). But the reasons dreamed up by the \u201cnews\u201d are completely wrong.\u201d    <\/p>\n<p>Hillmann, who joined Binance in 2021 as its top communications executive, became its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/el-salvador-to-build-first-bitcoin-city-at-base-of-volcano\/\" title=\"El Salvador to Build First 'Bitcoin City' at Base of Volcano\">chief strategy officer<\/a> in October last year. After Zhao, he was Binance\u2019s most outspoken advocates on social media. <\/p>\n<p>\u201cI\u2019ve taken this company through a lifetime of industry crises and regulatory challenges,\u201d Hillmann tweeted, citing a string of corporate failures to hit crypto last year. \u201cDespite all of these challenges, the company has continued to grow and thrive.\u201d<\/p>\n<p> (Reporting by Tom Wilson in London and Jaiveer Singh Shekhawat in Bengaluru, Editing by Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/binance-chief-strategy-officer\/attachment\/file-photo-illustration-shows-binance-logo-7\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Other News:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>As Israel continues defending itself against terrorism in Jenin, one Jewish commentator explains why the Biden Administration is to blame. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A 17-year old who was reported missing for eight years is found alive and police now say he was actually never missing<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The White House gets creative to avoid \u2018Cocainegate.\u2019<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>El Cajon Mayor, Bill Wells, sat down with One America\u2019s Stella Escobedo to talk about the homeless crisis in California<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh Ye and David Kirton HONG KONG (Reuters) -Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BRUSSELS (Reuters) -The European Union and Belgium\u2019s regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jody Godoy (Reuters) -Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>MADRID (Reuters) \u2013 U.S. chipmaker Broadcom will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One after another, executives are leaving Binance, as confirmed by their tweets and media sources. This adds to the challenges faced by the largest cryptocurrency exchange globally, as it grapples with legal and regulatory issues. Patrick Hillmann, the Chief Strategy Officer, announced his departure via a tweet on Thursday.<\/p>\n","protected":false},"author":66,"featured_media":1966349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1966348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1966348"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1966349"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1966348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1966348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1966348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}