Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list
The world’s leading crypto exchange by trading volume, Binance, has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are the norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a key talking point in the crypto community.
The latest to join the list is Helen Hai, executive vice president of Binance, who announced her resignation from her post on Sept. 6. On the same day, Gleb Kostarev, vice president of Eastern Europe, Turkey, the Commonwealth of Independent States (CIS), Australia and New Zealand at Binance, also announced his resignation, as did Russia and CIS general manager Vladimir Smerkis.
The list of key executives to leave Binance in 2023:
Four top executives from Binance reportedly all left on the same day after Binance’s response to the United States Department of Justice investigation. A Fortune report claimed that these top executives were not happy with the crypto exchange’s response. However, Binance CEO Changpeng Zhao dismissed all such reports, labeling them as fear, uncertainty and doubt, or FUD.
4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong.
As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months…
Zhao took to X (formerly Twitter) to address the growing chatter around the departure of key executives again on Sept. 6. While reposting a Cointelegraph report on the Kostarev exit, Zhao said that many members of Binance are moving into bigger roles, some outside of
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