Another Binance executive jumps ship amid regulatory woes
A sixth Binance executive has announced their resignation, adding to the troubled crypto exchange’s woes. On Monday, it was confirmed that Mayur Kamat, Binance ’s global head of product, would be leaving after just over 16 months. Explaining his departure, Kamat told The Block, “I have worked closely with product leads to ensure a seamless transition. It is also a good time for me personally to take some time off after 20 years of non-stop product work.” He thanked Binance, its chief exec Changpeng Zhao (CZ), and the leadership team for “an experience of a lifetime.” Binance’s troubles reportedly spurred executive resignations Five other executives have quit working at Binance recently: Asia-Pacific head Leon Foong (resigned August 31) Compliance executive Steven Christie (resigned July 7) Chief strategy officer Patrick Hillmann (resigned July 6) General counsel Hon Ng (resigned July 6) US-based chief business officer Yibo Ling (resigned July 6) According to F...