In recent developments, Binance.US, the American affiliate of cryptocurrency giant Binance, is engulfed in a storm of legal challenges and a wave of executive departures. Related Reading: Ethereum Leverage Ratio Is Rising, What Does It Mean? Binance.US Rocked By Legal Woes And Executive Exodus As regulatory scrutiny intensifies, key risk and legal executives have chosen to part ways with the company, adding to the growing list of personnel changes within its ranks. Following this trend, according to a Wall Street Journal report, Krishna Juvvadi, the head of legal, and Sidney Majalya, the chief risk officer, have also decided to leave Binance.US. These departures come in the wake of CEO Brian Shroder’s recent exit, further exacerbating the leadership vacuum at the company. Earlier this week, Binance.US announced the departure of CEO Brian Shroder and disclosed plans to reduce its workforce by approximately one-third, amounting to over 100 job cuts. These moves underscore the operational challenges faced by the company following legal action taken against it by the US Securities and Exchange Commission (SEC) ..
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