Binance lost another senior executive as the world’s biggest cryptocurrency exchange grapples with lawsuits and greater regulatory scrutiny.<\/p>\n
Global head of product and design Mayur Kamat confirmed his departure from the beleaguered exchange, saying it was for personal reasons and that he would take a break after working for 20 years.<\/p>\n
Binance said it’s grateful to him for helping it guide ”some of our most explosive growth,” The Block reported.<\/a><\/p>\n Kamat’s resignation follows the departure of key executives including chief strategy officer Patrick Hillman and former compliance head Steven Christie. Other high-profile departures include General Counsel Hon Ng and US-based chief business officer Yibo Ling.<\/p>\n A July report by Fortune<\/a> said some key executives were unhappy with how the exchange’s CEO, Changpeng Zhao, has responded to a pending investigation by the Department of Justice.<\/p>\n Kamat worked at Binance for a little over a year. He <\/span>joined<\/a> the exchange in April 2022 after working for tech giants including Agoda, Google, and Microsoft. <\/span>Binance’s user base grew from 80 million to more than 150 million during his tenure, according<\/a> to his LinkedIn profile.<\/span><\/p>\n Hillmann quit in July, also citing personal reasons.<\/p>\n Apologies for any typos, but I was not expecting to be tweeting about this today. <\/p>\n It’s true that I am leaving @Binance<\/a>, but I’m doing so on good terms. I continue to respect and support @cz_binance<\/a> and am grateful for having had the incredible opportunity to work under his…<\/p>\n — Patrick Hillmann (@PRHillmann) July 6, 2023<\/a><\/p><\/blockquote>\nTop Executives Depart Binance Amid Regulatory Woes<\/h2>\n
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