The slew of recent departures at Binance.US comes as Binance faces lawsuits from the SEC and CFTC.
Binance Holdings CEO Changpeng Zhao has shot down speculation surrounding the departure of Binance.US CEO Brian Shroder, noting that he is “taking a deserved break" after a successful stint at the company.
Binance.US is a subsidiary of Binance Holdings, and the U.S. based exchange has seen a handful of other top executives recently step down from the firm amid lawsuits from the Securities and Exchange Commission and Commodities Futures Trading Commission. In a Sept. 15 statement via X , CZ urged people to"ignore FUD" around the recent shuffling of execs, as he suggested that Shroder was leaving the firm amicably after accomplishing everything he"set out to do when he joined two years ago."
"Under his leadership, Binance.US raised capital, improved its product and service offerings, solidified internal processes, and gained significant market share, all of which helped to build a more resilient company for the benefit of customers. We are grateful for his contributions," CZ said.
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