Binance has been under strain for months amid an onslaught of regulatory investigations that have severed many of its key banking relationships across the globe. Now, the giant cryptocurrency exchange is in full-on turmoil after top executives resigned this week over CEO Changpeng Zhao’s handling of the investigations.
Fortune has learned that senior figures, including general counsel Hon Ng, chief strategy officer Patrick Hillmann, and SVP for compliance Steven Christie, told Zhao this week they are leaving the company. Their departure follows the recent exit of Matthew Price, a former IRS agent whom Binance hired in 2021 to oversee global investigations and intelligence.
