Binance.US Shakeup: Top Brass Exits Spark Speculation In Crypto Circles

Crypto exchange Binance.US is witnessing the exit of two more top-tier executives following the recent departure of its CEO, Brian Shroder.

The latest to leave are Krishna Juvvadi, the head of Legal, and Sidney Majalya, the chief risk officer, the Wall Street Journal reported. 

Juvvadi joined the firm in May of the previous year, while Majalya took on his role in December 2021.

Also Read: Gold, Precious Metals Dominate Real-World Assets On Blockchain: Is This A Sign Of Things To Come?

In the backdrop of these significant departures, it's worth noting the broader context in the crypto industry. Events like Benzinga's Future of Digital Assets conference on Nov. 14 offer insights into the challenges and opportunities in this rapidly evolving space.

On Wednesday, Cointelegraph confirmed that Binance.US has cut around 100 positions and that Shroder has departed from the company. This decision is intended to offer the cryptocurrency exchange a financial safety net for over seven years as it shifts to being an exclusively crypto-based platform.

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event, Future of Digital Assets. Tickets are flying: Get yours!

Now Read: CFTC Warns DeFi Investors Are Playing With Fire

Photo: Shutterstock