Binance CEO confirmed that reporting from Fortune about Binance exchange was wrong and confirmed that Binance exchange is still able to run the crypto business perfectly & will continuously hire new talents.Binance is a global crypto exchange. At present, its American subsidiary BinanceUS is under huge legal pressure over providing unregistered securities offerings & deep relationship between BinanceUS & Binance. On 7 July 2023, Fortune reported that Binance General Counsel Hon Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance Steven Christie decided to leave their roles at the Binance exchange because of the US regulator’s investigation against the exchange. According to Fortune, Binance General Counsel Hon Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance Steven Christie will leave their jobs due to the ongoing investigation by the U.S. Department of Justice. https://t.co/kJepk3fvdYCZ: there is…— Wu Blockchain (@WuBlockchain) July 7, 2023 In return, Binance CEO Changpeng Zhao (CZ) responded on this matter and claimed that the Fortune report was wrong and also said that only Patrick Hillmann left his position for his personal reasons.Furthermore, CZ explained the success story of the Binance exchange within a line and said that it was the discipline & better service by the exchange which turned a 300 employees firm into 8,000 employees. Binance boss also thanked all the employees who contributed to the Binance exchange to secure huge success in the world. 4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong.As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months…— CZ 🔶 Binance (@cz_binance) July 6, 2023 The former Binance global crisis manager, who stepped down from the Binance exchange, also took to Twitter to confirm that everything was better for him at the Binance exchange.He dismissed all such fud and explained that her wife is pregnant & this was the perfect time for him to leave work for the family.Apologies for any typos, but I was not expecting to be tweeting about this today. It’s true that I am leaving @Binance, but I’m doing so on good terms. I continue to respect and support @cz_binance and am grateful for having had the incredible opportunity to work under his…— Patrick Hillmann (@PRHillmann) July 6, 2023 BNB coin price actionFollowing such news, Binance coin (BNB) plunged by nearly 3% within a couple of hours. Now the current trade price of the BNB coin is $234. Read also: CFTC may sue bankrupt crypto lender Celsius
