In the latest two top Russian executives left their positions at the Binance exchange but failed to provide proper reason behind their corresponding decisions.
Binance is a top-level crypto exchange. The services of this exchange are available globally, either directly or via subsidiaries. In the present time, Binance & its American subsidiary BinanceUS are struggling badly in the US jurisdiction, as the top two financial regulators sued Binance over unregistered securities offerings, running an unregistered national securities exchange, & unsafe financial transactions against the safety of customers.
On 6 Sep 2023, the head of Eastern Europe and Russia at Binance Gleb Kostarev announced his departure from Binance and thanked Binance for all the opportunities that he grabbed because of his role at the Binance exchange.
The general manager for Russia and CIS at Binance, Vladimir Smerkis, also announced his departure from the Binance exchange and said that he took this decision because he wants to enjoy visiting the world, as already spent 2 years working continuously for Binance.
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Earlier on 4 Sep 2023, Binance head of product Mayur Kamat announced his departure from the Binance exchange.
The majority of the reports claimed that such high-profile executives left Binance because of the legal hurdles, the company faces.
In response to these news, Binance co-founder & CEO Changpeng Zhao (CZ) clarified that Binance employees are growing and also former Binance employees growing outside Binance.
Indirectly CZ said that Binance former officals getting huge strength in their resumes for the next better roles & positions for other companies.
CZ said that all these things are only creating opportunities for people to grow and urged people not to spread FUD on behalf of these news.
Some of our team members are growing into bigger roles, some outside of #Binance. Some are doing new exciting ventures. I even made intros/references for many of them. We are supportive of everyone. We are one community.
This also creates more growth opportunities within…
— CZ
Binance (@cz_binance) September 6, 2023
Read also: Grayscale sent a letter to the SEC for Bitcoin spot ETF approval
Three top execs left Binance, CZ says ignore FUD
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