Three of Binance’s senior management have declared that they will be leaving the organization.Although this is being interpreted by market experts as executives jumping ship, CEO Changpeng Zhao downplayed it on Twitter by calling it just “usual turnover.”
According to a Fortune article, numerous senior employees, including Han Ng (general counsel), Patrick Hillmann (chief strategy officer), and Steven Christie (SVP for compliance), have told Zhao of their leaving this week.Changpeng Zhao (CZ), the company’s CEO, meanwhile, seems to be ignoring the news and maintaining a confident demeanor.On Friday morning (Asia time), CZ clarified the situation on Twitter by highlighting that news organizations had given erroneous information regarding the causes for the departures.
He referred to the stories as “FUD,” a word for fear, uncertainty, and doubt that is frequently used in the cryptocurrency industry.Zhao stated in his tweet that employee turnover is common in businesses due to shifting markets, the developing global environment for cryptocurrencies, and individual circumstances.He offered his condolences to the departing team members and thanked them for their efforts to the expansion of the business.Zhao also used the occasion to praise the team members for excelling in their new positions and congratulate them.