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Fortune

Marco Quiroz-Gutierrez

Key legal and risk executives leaving Binance.US in wake of CEO stepping down, massive layoffs

Binance United States Brian Shroder

Binance illustration (Credit: Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)

The same week Binance.US announced that CEO Brian Shroder is stepping down, the Wall Street Journal reports that the firm's head of legal, Krishna Juvvadi, and chief risk officer Sidney Majalya are also set to leave the exchange.

The departures come after Binance.US also laid off 100 employees, about a third of its workforce, earlier this week. Binance.US general counsel and chief legal officer Norman Reed has been appointed as interim CEO.

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