Multiple Binance executives have reportedly been resigning amid CZ's handling of DOJ probe! Could this be the reason, or is it FUD? Read more here -
for years. One to counter such narratives has often been Patrick Hillman himself, who blasted Reuters in May for claiming that Binance was mixing client funds with its corporate treasury.Hillman over Twitter on Thursday. The executive explained that his wife was soon to have their second child, thus he thought it was the “right time to step aside.”
“I continue to respect and support and am grateful for having had the incredible opportunity to work under his leadership,” he added.rumors about “mass layoffs” at Binance in June, claiming the company was not “rightsizing” but simply “reevaluating roles” as part of a regular “talent density audit.”As with many Binance rumors, CZ responded to reports about executive departures with the number ‘4’ – a Zhao-coined crypto slang term to ignore FUD surrounding his exchange.
4. More FUD about some departures. Yes, there is turnover . 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…“Yes, there is turnover . But the reasons dreamed up by the “news” are completely wrong,” he wrote to Twitter. “As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.
CZ added that the executives did not resign within the same week. “They exaggerate everything,” he said.
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