Multiple senior Binance executives have left the company following regulatory developments, Fortune reported on July 6.
General counsel Han Ng, chief strategy officer Patrick Hillmann, and SVP for compliance Steven Christie are among those who have decided to exit the firm. Fortune noted that Matthew Price, head of global investigations and intelligence, recently left as well.
Fortune said that there is no indication that Binance CEO Changpeng Zhao intends to step down from his position as CEO of the company in the near future.
According to Fortune’s sources, the executives decided to leave the company largely because of Zhao’s handling of an investigation by the U.S. Department of Justice (DOJ). This investigation, reportedly in progress for over a year, alleges that Binance tried to mislead U.S. regulators, engaged in money laundering, and allowed sanctions violations.
Separate reports from Reuters in December 2022 suggested that Binance was under investigation by the DOJ. The co

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