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Binance CEO Clarifies Recent Employee Departures, Tags Dreamed Up News as Mere FUD

Changpeng Zhao (CZ), the CEO of Binance Exchange, has recently reacted to the rumors around the latest employee departures, which have been trending in the news and on various social platforms over the last 24 hours.

According to a Fortune publication that cited unnamed sources, several Binance executives, including general counsel Han Ng, Hillmann, and Christie, are quitting their jobs at the exchange over CZ’s response to investigations by United States regulators.

Read Also: Kevin O’Leary Blames CZ Binance for FTX Collapse, Ripple CTO and John Deaton Reacts

In response to the rumors, Hillmann and Christie confirmed their resignations on Twitter without mentioning anything related to the exchange’s regulatory issues.

Christie said in a tweet, “My departure is far less sensational than any article might make it out to be.”

While Hillmann said, “It’s true that I am leaving Binance, but I’m doing so on good terms. I’ve been here for two years and it’s simply time for me to move on to the next challenge.”

CZ Binance Clarifies Departures, Condemns FUDs

In response to news about the rather unexpected resignations, Binance CEO said it’s a normal phenomenon at every company to see employee departures and arrivals, “But the reasons dreamed up by the “news” are completely wrong.”

CZ further said, “As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months from founding (and HELD ON to that position ever since), we have been able to protect our users at all times and we have been extremely lucky to have some of the best talent the planet has to offer.

Read Also: CZ Binance Confirms Upcoming Collaboration with Vitalik Buterin to Develop Proof-of-Reserves Protocol

“As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company. We thank all of our ex-team members for their contributions to our growth, and wish them all the best. We also congratulate our team members who have grown into these new roles. They are all truly high caliber.”


In conclusion, CZ said the aim of the company is to continue to build for global expansion and adoption of crypto and it won’t cease hiring capable hands to achieve this global objective.

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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