Key Executives Leaving Binance.US Amid Regulatory Pressure
Introduction
Key risk and legal executives are leaving Binance.US at the same time the crypto exchange is under intense pressure from regulators.
Departures of Krishna Juvvadi and Sidney Majalya
Krishna Juvvadi, head of legal, and Sidney Majalya, chief risk officer, are leaving the company, according to people familiar with the departures. The departures follow the departure earlier this week of CEO Brian Shroder.
Legal Troubles for Binance.US
Earlier this year, the Securities and Exchange Commission sued Binance, its founder, Changpeng Zhao, and its American arm Binance.US, for allegedly operating an illegal trading platform in the U.S. Juvvadi was one of the company’s contacts for communicating with the SEC.
