Binance, the largest cryptocurrency exchange by volume, is grappling with top executive exits, with the managing director of its French unit the newes
Binance is facing a series of regulatory challenges, leading to the departure of several high-ranking executives. Binance’s managing director in France, Stéphanie Cabossioras, stepped down from the firm. The recent exit aligns with revelations from Sam Bankman-Fried that he wanted regulators to crack down on Binance. t addition. At least five top bosses departed the firm in recent months as it struggles with a series of regulatory challenges across the markets it operates.
The cryptocurrency exchange retracted its operations in various parts of the world, most recently in Russia. In June, the US Securities & Exchange Commission levered 13 charges against Binance Holdings and its founder, Changpeng Zhao. The lawsuit claimed that the exchange made securities law violations, including operating unregistered exchanges. In the meantime, the company bid farewell to key figures such as Mayur Kamat, Senior Vice President, and Global Head of Product.
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