Binance boss dismisses multiple executives departure FUD,  following “Fortune report”

Binance CEO confirmed that reporting from Fortune about Binance exchange was wrong and confirmed that Binance exchange is still able to run the crypto business perfectly & will continuously hire new talents.

Binance is a global crypto exchange. At present, its American subsidiary BinanceUS is under huge legal pressure over providing unregistered securities offerings & deep relationship between BinanceUS & Binance. 

On 7 July 2023, Fortune reported that Binance General Counsel Hon Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance Steven Christie decided to leave their roles at the Binance exchange because of the US regulator’s investigation against the exchange. 

In return, Binance CEO Changpeng Zhao (CZ) responded on this matter and claimed that the Fortune report was wrong and also said that only Patrick Hillmann left his position for his personal reasons.

Furthermore, CZ explained the success story of the Binance exchange within a line and said that it was the discipline & better service by the exchange which turned a 300 employees firm into 8,000 employees. 

Binance boss also thanked all the employees who contributed to the Binance exchange to secure huge success in the world. 

The former Binance global crisis manager, who stepped down from the Binance exchange, also took to Twitter to confirm that everything was better for him at the Binance exchange.

He dismissed all such fud and explained that her wife is pregnant & this was the perfect time for him to leave work for the family.

BNB coin price action

Following such news, Binance coin (BNB) plunged by nearly 3% within a couple of hours. Now the current trade price of the BNB coin is $234. 

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