• Binance CCO Noah Perlman has confirmed that he will not be joining the recent string of resignations at the world’s largest crypto exchange.
• Some Binance executives have stepped down due to legal issues with the US Securities and Exchange Commission (SEC) and Department of Justice (DOJ).
• CEO Changpeng Zhao stated that these departures were unrelated to the company’s legal problems.
Binance CCO Will Not Join Resignation Spree
Noah Perlman, Chief Compliance Officer of Binance, announced that he will remain with the world’s largest cryptocurrency exchange despite recent resignations from other top executives. The departures were related to ongoing regulatory issues and lawsuits brought on by the United States Securities and Exchange Commission (SEC) and Department of Justice (DOJ). However, CEO Changpeng Zhao has said that these resignations are not related to any legal matters.
Some high-level employees have made their departure from Binance recently due to personal reasons or for family obligations. For example, general counsel Han Ng and CSO Patrick Hillmann both resigned but stated they would continue to support CEO Changpeng Zhao in his mission. Hillmann did mention though that his wife is expecting a baby soon so this was an opportune time for him to step away and focus on family matters.
CCO Remains Committed
Unlike Ng and Hillmann, Noah Perlman – Chief Compliance Officer – has declared that he intends to stay with Binance through their current regulatory challenges. He expressed his pride in being part of such an incredible organization as they navigate through what he described as “growing pains” in the cryptocurrency industry.
CEO Assures Departures Unrelated To Legal Issues
Despite some high profile exits from the Binance team, CEO Changpeng Zhao has reassured everyone involved that these departures are not related to any ongoing lawsuits or SEC/DOJ investigations into possible violations of securities laws by the exchange. Instead, it appears these employees decided it was time for them personally move on leaving behind a legacy of dedication and commitment to blockchain technology while doing so with respect for their colleagues at Binance.
Noah Perlman’s decision to remain with Binance amidst turbulent times could prove beneficial for the company as they attempt navigate uncharted waters when it comes dealing with US regulators over suspected securities violations. Although some key players have left their posts over recent months, CZ remains confident that they can weather this storm together with those who still remain committed towards helping build what many consider a revolutionary technology