The chief executive of the world’s largest crypto exchange by volume is responding to reports surrounding the company’s top executives leaving, saying the rumors as to why they left are fiction.
In response to a recent Fortune report, Binance CEO Changpeng Zhao say Fortune “made up” reasons why employees left and that corporate turnover is normal.
“More FUD (fear, uncertainty and doubt) about some of the departures. Yes, there is turnover (at every company). But the reasons that the ‘news’ have come up with are not correct at all.
As an organization that has grown from 30 to 8,000 people in six years, from 0 to the world’s largest crypto exchange in less than 5 months of its inception (and has remained in that position ever since), we have been able to protect our users on all time and we have been extremely lucky to have some of the best talent the planet has to offer.
As markets and the global environment for crypto change, as our organization evolves and personal situations change, there is revenue at every company. We thank all our ex-team members for contributing to our growth and wish them all the best.”
The Fortune report alleged that top Binance executives such as general counsel Hon Ng, chief strategy officer Patrick Hillmann and senior vice president for compliance Steven Christie left the company over Zhao’s response to the ongoing investigation by the US Department of Justice (DOJ) to the crypto exchange.
Binance is under investigation by the DOJ after two senators alleged that the company provided “false and misleading” information to Congress.
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