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Changpeng Zhao (CZ) has made a statement about resignations in Binance. As it is known, Brian Shroder, the CEO of Binance.US has resigned from the company. However, Changpeng Zhao (CZ) emphasized that Shroder had a well-deserved break. Additionally, Binance has encountered some speculations recently. Due to selling unregistered securities and misappropriating customer assets, Binance was sued by the US regulators SEC and CFTC last month.
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Furthermore, some claims appeared such as all customer funds on Binance were illegally pooled. These problems caused some suspicions about the future of Binance. However, according to some tweets by Changpeng Zhao (CZ), this news was FUD and CZ indicated that Brian Shroder made many contributions to the company. Moreover, Binance.US successfully raised money in the marketplace and grew its product and service offerings under his leadership.
There has been some speculation regarding recent management changes at @BinanceUS. Brian Shroder is taking a deserved break after accomplishing what he set out to do when he joined two years ago. Under his leadership, https://t.co/hSHrrlF7o7 raised capital, improved its product…
— CZ 🔶 Binance (@cz_binance) September 15, 2023
CZ accepted that in the past two years, Binance has undergone substantial development and has encountered regulatory pressure. Besides, This news with other layoffs caused a shock effect on users in the crypto ecosystem. Then, Krishna Juvvadi (the legal director) and Sidney Majalya (the chief risk officer) also resigned. Thus, crypto users’ concerns about Binance continue to increase.
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