Investing
Binance global head of product Mayur Kamat resigns – The Block
© Reuters. Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Binance’s global head of product and design, Mayur Kamat, has resigned amid a string of executive exits and job cuts at the cryptocurrency exchange, The Block reported on Monday citing a source.
Kamat’s exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng.
Binance did not immediately respond to a Reuters request for comment on the report.
The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, with regulators aggressively clamping down on what they deem are illegal activities.
The Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao in June for allegedly operating a “web of deception”, listing 13 charges including claims the company artificially inflated its trading volumes, diverted customer funds, and failed to restrict U.S. customers from its platform.
Binance has said it would defend itself vigorously.
The company also laid off a number of employees in July.
Read the full article here
-
Side Hustles7 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles7 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing7 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99