CZ Says News of Exec Departures at Binance Is FUD.
09 Jul 2023, 08:00
CZ Says News of Exec Departures at Binance Is FUD
Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading platform that has affected its market share.
CZ Comments on Executives Leaving Binance Amid Regulatory CrisisChangpeng Zhao, founder and CEO of the world’s largest cryptocurrency exchange, defended his company in the face of what he called “more FUD about some departures.” In a tweet posted after it became clear that several executives are leaving, CZ highlighted the remarkable growth of the crypto firm in a few years’ time and assured it continues to hire.
4. Another day, another FUD. On rumors of layoffs.