Top executives are leaving Binance US, causing concerns about its future and raising questions about the safety of American users' money.
Binance US sees more top level executives leaving. After their head leader, Brian Shroder, left, now the Legal Head, Krishna Juvvadi, and Chief Risk officer, Sidney Majalya, are also going.
Earlier, Binance US let go of many workers, almost one-third of them. Although other similar companies have done the same thing.
Recently,Many important people have left both Binance and Binance.US after the company got into trouble with American rules and laws. They were accused of doing wrong things like mixing up customers' money and not being fair in the market.
There has also been rumors that Binance.US and Binance are closely linked, even though they should be separate. This raises concerns for Americans about the safety of their money.
Other big names who left Binance are Steven Christie, Hon Ng, Patrick Hillmann, and Mayur Kamat. Despite this,The CEO of Binance, Changpeng Zhao, stated that these exits are not a big deal.
Travis Kling, a hedge fund manager, warned about Binance showing signs of problems. But the Binance leader replied, saying they are doing many good things too, like winning court cases and bringing in more money.