Two more top executives depart Binance.US amid layoffs, SEC action: Report

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Two more top executives depart Binance.US amid layoffs, SEC action: Report
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Two top executives at Binance.US reportedly left the company Sept. 12, a day after the departure of CEO Brian Shroder and layoffs of a third of the staff.

Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer Sidney Majalya were said to be leaving.in May 2022, coming from Uber, where he was global head of compliance.

Juvvadi, The WSJ noted, “was one of the company’s contacts for communicating with the SEC [United States Securities and Exchange Commission].” Binance.US is facing legal action from the SEC.Crypto exchange Binance US has hired its first-ever Chief risk officer Sidney Majalya from Intel Corp to stay in compliance...

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