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Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ
The departure comes just after the crypto exchange lost CEO Brian Shroder.
Binance.US has lost two more high-level executives, not long after the crypto exchange lost CEO Brian Shroder amid intensifying regulatory scrutiny.
Head of Legal Krishna Juvvadi and Chief Risk Officer Sidney Majalya are leaving the company, the Wall Street Journal reported, citing people familiar with the departures. Juvvadi was hired in May last year, and Majalya was appointed in December 2021.
STORY CONTINUES BELOW
A company spokesperson declined to comment.
The departures come after Binance.US said its CEO Brian Shroder has left the crypto exchange and the company has eliminated one-third of its workforce.
Binance is facing a tough year as regulators have been cracking down on crypto exchanges, particularly in the U.S. In June, the Securities and Exchange Commission sued the company for allegedly violating securities laws, which built on accusations from another American regulator, CFTC.
Earlier this month, Global Product Lead Mayur Kamat left the company after almost a year and a half. Binance also lost Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and Senior Vice President for Compliance Steven Christie, among others, this year.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
