<\/p>\n
The world\u2019s 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 a 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.<\/p>\n
The latest to join the list is Helen Hai, the executive vice president of the crypto exchange, who announced her resignation from her post on Sept. 6. On the same day, Gleb Kostarev, Binance\u2019s vice president of Eastern Europe, Turkey, the Commonwealth of Independent States, Australia, and New Zealand, also\u00a0announced his resignation, as did Russia and CISgeneral manager Vladimir Smerkis.\u00a0<\/p>\n
The list of key executives to leave Binance in 2023:<\/p>\n
Four top executives from Binance reportedly all left on the same day after Binance\u2019s response to the Department of Justice investigation. A Fortune report claimed that these top executives were not happy with the crypto exchange’s response. However, Binance CEO Chang Peng Zhao dismissed all such reports labelling them as FUD.<\/p>\n
\n4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the \u201cnews\u201d are completely wrong.<\/p>\n
As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world\u2019s largest crypto exchange in less than 5 months\u2026<\/p>\n
\u2014 CZ Binance (@cz_binance) July 6, 2023<\/a><\/p><\/blockquote>\n
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 from Binance are moving into bigger roles, some outside of Binance as well.<\/p>\n
\nSome of our team members are growing into bigger roles, some outside of #Binance<\/a>. Some are doing new exciting ventures. I even made intros\/references for many of them. We are supportive of everyone. We are one community.<\/p>\n
This also creates more growth opportunities within\u2026<\/p>\n