Binance Key Executives, Many US Employees Leave Crypto Exchange Amid Crackdown

(Bloomberg) -- Key Binance executives who have been helping the world’s biggest cryptocurrency exchange navigate a widening regulatory crisis including US allegations of fraud are leaving the company along with many of its US employees, according to people familiar with the matter.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg

• 2023-07-07
• Bloomberg chief compliance officer Commodity Futures Trading Commission private information senior vice president Binance chief strategy officer Noah Perlman

Former FTX chief compliance officer cooperating in crypto lawsuit against Tom Brady, Shaq and celebrity promoters

“He called us and said he wanted to help the victims,” says lawyer Adam Moskowitz. The plan is for the “class” to drop all claims against Dan Friedberg in exchange for his cooperation.

• 2023-05-12
• Larry David Dan Friedberg David Ortiz Naomi Osaka FTX Tom Brady Golden State Warriors Florida amended complaint class action suit FTX Sunshine State chief compliance officer plaintiffs Stephen Curry Udonis Haslem Shohei Ohtani

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Narratives about crypto regulations and compliance, or lack thereof, are increasingly missing the point. The general purpose of financial regulation is to maximize consumer protection, prevent fraud and abuse, and ensure well-ordered markets. Broadly speaking, the mission is the same in any jurisdiction, and for any financial regulator.

• 2023-04-15
• compliance professionals chief compliance officer financial system crypto regulation DeFi compliance consultant crypto regulations ultimate goal compliance framework money laundering