Page 3 - Patrick Hillmann News Today

Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng had resigned lately.

Binance withdrew its license application with the German Federal Financial Supervisory Authority in July, but a report suggested the regulator had raised concerns about the CEO.

After failing to set up in the U.K., Binance built a lucrative payments business called Bifinity in Lithuania. Now its leading executives are being accused of fraud.

Binances legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.

These layoffs are happening just a few days after several top executives left the company including its Chief Strategy Officer Patrick Hillmann

Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits.

Move comes a month after US regulators sued the crypto exchange and its CEO for allegedly operating a “web of deception".

The job cuts were first reported by the Wall Street Journal, which said more than 1,000 people had been let go in recent weeks.

Crypto Exchange Binance has reportedly fired nearly 36 employees in India as part of a cost-cutting and a talent restructuring drive.

On Friday, Bitcoin was trading at a new high after a legal triumph in which the cryptocurrency XRP was declared not to be a security.