Crypto Exchange Binance Zapped By Exec Resignations

A string of executives has quit Binance, their tweets and media reports confirmed, the latest blow for the world's biggest crypto exchange as its battles a mountain of legal and regulatory headaches, Tom Wilson and Jaiveer Shekhawat reported for Reuters.

Photo Insert: News sources reported at least four Binance executives having tendered their resignation.

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 "tired" and that he needed to "lose some weight."

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's US-based chief business officer, has also left, Bloomberg reported.

Last month, U.S. regulators sued the crypto exchange and its CEO Changpeng Zhao for allegedly operating a "web of deception." Binance has said it would defend itself "vigorously."

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