Noah Perlman – Binance’s Chief Compliance Officer – said he will continue to work for the world’s largest cryptocurrency exchange.
The company has recently faced serious regulatory issues, while some senior executives have resigned from their positions. CEO Changpeng Zhao (CZ) confirmed the departures, but said they were unrelated to U.S. Securities and Exchange Commission (SEC) lawsuits and issues with the Justice Department ( DOJ).
Don’t abandon ship
As CryptoPotato reported earlier today, some Binance executives left following the company’s legal troubles with watchdogs and authorities. Some examples are General Counsel Han Ng and CSO Patrick Hillmann.
The latter said he had resigned on “good terms” and would continue to support and respect Zhao. He also has explain that his wife is due to give birth anytime, making it the perfect time for him to retire and focus on his family.
“I will continue to encourage my colleagues at Binance and support this industry as it matures and evolves. Blockchain and crypto are here to stay, and I’m excited to see it explode in the years to come,” concluded the former CSO.
Unlike Hillmann and Ng, CCO Perlman has no intention of leaving the exchange, indicating he is “proud to be part of this incredible organization”. CZ appeared pleased with the decision, dropping a handshake emoji symbol below the Twitter post.
The CEO claims there was FUD on the departures. He pointed out that some people have indeed left the company, but the reasons are not those “dreamed up by the ‘news’.” Unsurprisingly, he began his tweet with his signature number “4”, urging his followers to ignore media propaganda and misleading information.
Legal disputes
Binance’s troubles with regulators escalated in early June when the US SEC accused the crypto platform, its US subsidiary and CZ for breaking several rules. He also insisted that the company offers trading services with unregistered securities such as the native token BNB and the stablecoin BUSD.
Some media informed that the Justice Department has also targeted Binance, specifically CEO Zhao, for alleged money laundering activities.
Interestingly, the exchange recently hiring Mr. Kendall Day – a former attorney at the US Department of Justice – will appear as counsel in his legal battle against the SEC.
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