Binance CEO CZ Speaks Out About Departing Binance Executives

The exchange’s handling of DOJ investigations is said to be the reason why Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie quit the firm.

Binance CEO CZ Speaks Out About Departing Binance Executives

According to a Friday morning tweet from Binance CEO Changpeng Zhao, senior executive employee departures from the company are common.

More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.

CZ

Did Execs Leave Because of CZ’s Statements?

As previously reported by Fortune, senior leadership positions held by prominent individuals such as Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, and SVP for Compliance Steven Christie have left the company as a result of CZ’s response to a U.S. Department of Justice investigation that is still ongoing.

Departing Executives Made a Statement

Hillman wrote on Twitter that he was departing from the company amicably and that it was time to take on the next challenge.

Christie stated that it’s time for him to take some time for himself and his family and that he has nothing but respect for the incredibly brilliant employees at Binance who are committed to acting morally.