Binance's Product Head Kamat Resigns Amidst Executive Exodus
Kamat Resigns Adds To On-Going Executive Exodus Kamat’s departure follows the departure of other top executives from Binance , including Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng. Notably, CoinGape Media last week reported that Bloomberg confirmed Leon Foong, who served as the head of Binance Asia-Pacific, also announced his departure, according to sources familiar with the matter. advertisement Increased regulatory attention, particularly in the United States, and these leadership changes at Binance are occurring at the same time. U.S. authorities have begun toughening up on cryptocurrency-related activity that they view as illegal. According to Reuters, the U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO, Changpeng Zhao, in June. 13 allegations were brought by the SEC against the business, alleging a “web of deception.” Among the charges were that Binance inflated its trading volumes artificia...