Binance's General Counsel, Chief Strategy Officer, and Senior Vice President for Compliance Resigned

Binance has seen the departure of three senior officials this week as the company gears up to defend itself on multiple fronts, according to Fortune.

Binance's General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those who have resigned, along with Senior Director of Investigations Matthew Price's recent departure. Binance's Global Vice President of Marketing and Communications Steve Milton also left the company in June.

The exits of executives from the legal and compliance units are likely to complicate Binance's efforts to defend itself as the company faces investigations from multiple regulators around the world.

According to a source familiar with the situation, the decisions by Ng, Hillmann, and Christie to leave were due to Binance founder and CEO Changpeng “CZ” Zhao's response to an ongoing investigation by the U.S. Department of Justice. The investigation reportedly relates to Binance's alleged money laundering, violations of sanctions, and attempts to deceive U.S. regulators.

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