![]() ![]() and international operations, led to the loss of a significant European banking partner, and the ceasing of U.S. These developments have hindered the exchange's U.S. This exodus from the legal and compliance units may hamper Binance's defense efforts. These include a lawsuit by the Securities Exchange Commission (SEC) citing 13 counts of securities law violations and another by the Commodity Futures Trading Commission (CFTC). Looking ahead □ Binance's challenges are mounting, with probes from multiple global regulators and several lawsuits. regulators, as well as alleged money laundering and sanction violations.ĭespite facing global regulatory scrutiny, Hillmann tweeted he was leaving on amicable terms and continues to support Zhao. Department of Justice into Binance's dealings with U.S. These exits are allegedly linked to CEO Changpeng "CZ" Zhao's handling of an ongoing investigation by the U.S. More on this □ General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie have reportedly resigned, following the recent departure of Global VP of Marketing and Communications, Steve Milton, and Senior Director of Investigations, Matthew Price. The news □ Binance, a leading crypto exchange, is facing significant headwinds as at least three senior officials have left amid regulatory probes, according to Fortune. Tell me Binance is in trouble without telling me Binance is in trouble □ Without further ado, let us dive into what happened in the Blockchain & #Crypto sector last week. Last week ( 10-14 July) was another intense week in the world of #Blockchain and #Cryptocurrency. We will look at Binance, which is starting to get into a big pile of □ problems (a signal or just noise?) crypto trading volumes that rose for the first time in 3 months (time for laser eyes & Lambos again?), and other interesting news and developments.
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