Discussion

• @gulovsen@mastodon.social Grant Gulovsen on mastodon

  Seems bad... :blobcatcoffee:  —  Binance plunges into crisis as senior execs quit over CEO Changpeng Zhao's response to Justice Department investigation  —  #Binance #law #crypto  —  https://fortune.com/...

• @prhillmann Patrick Hillmann on x

  Apologies for any typos, but I was not expecting to be tweeting about this today. It's true that I am leaving @Binance, but I'm doing so on good terms. I continue to respect and support @cz_binance and am grateful for having had the incredible opportunity to work under his... htt…

• @tier10k @tier10k on x

  [DB] Binance Senior Execs Quit Over CZ's Response to DOJ Investigation: Fortune Senior Figures, Including General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and SVP for Compliance Steven Christie Told Zhao This Week They Are Leaving the Company

• @cz_binance @cz_binance on x

  4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world's largest crypto exchange in less than 5 months...…

• @cryptadamist @cryptadamist on x

  “what justice department investigation?” https://fortune.com/...

• @cz_binance @cz_binance on x

  @MilkRoadDaily Definitely false, only one this week. They exaggerate everything.

• @edzitron Ed Zitron on x

  hahah NOW Patrick quits? https://twitter.com/...

• @desogames @desogames on x

  General counsel, compliance... looks like a who's who list of people you don't wanna see exit your company en masse. https://twitter.com/... [image]

• @fredwalton216 Fred Walton on x

  14) How did Binance fall apart ? Slowly and then all at once. https://twitter.com/...

• @frances_coppola Frances ‘Cassandra’ Coppola on x

  Rats, ship https://twitter.com/...

• @bitfinexed @bitfinexed on x

  Why can't they just say 4? https://twitter.com/...

• @thinkingcrypto1 Tony Edward on x

  Hey @cz_binance - 4 or is this legit? https://twitter.com/...

• @milkroaddaily @milkroaddaily on x

  @cz_binance *Binance General Counsel, Chief Strategy Officer, and SVP of compliance all resign in the same week* CZ: [image]

• @murfski_ @murfski_ on x

  Heading 4 the door https://twitter.com/...

• @mdudas Mike Dudas on x

  $COIN trading at $16.4B market cap https://twitter.com/...

• @lowstrife @lowstrife on x

  This is one of those tweets, one of those things, we're gonna look back on in a year and sigh. https://twitter.com/...

• @fortunemagazine @fortunemagazine on x

  Binance is in full-on turmoil. https://fortune.com/...

• @0xgraymatter Gray Matter on x

  According to Fortune, “CZ may step aside from CEO of Binance to weather the storm” ...4? https://twitter.com/...

• @jeffnolan Jeff Nolan on x

  be pretty fun to see SBF and CZ sharing a cell https://twitter.com/... [image]

• @northrocklp Hal Press on x

  Binance is one of the risks I have been alluding to for months. Assuming this is true, it certainly looks like more smoke to me. As I've said before, would not have money on Binance right now. Risk is not worth it IMO. https://fortune.com/...

• @adamscochran Adam Cochran on x

  Doing it on good terms. Just like Cooley and Brooks did before Binance US issues. Just like Brett at FTX US. Just like Trabucco at Alameda. But when multiple global execs quit at once, no amount of PR spin salvages that. https://twitter.com/...

• @samcallah Sam Callahan on x

  Binance CSO Patrick Hillmann has abandoned ship. This is him back in May in response to a Reuters report that alleged Binance commingled users funds (later included in the SEC's lawsuit). At the time, he called the report “desperate,” “weak,” and “full of conspiracy theories.” ht…

• @smdiehl Stephen Diehl on x

  Leaving for “personal reasons,” which I'm going to presume means striking a deal for immunity with the Feds. https://fortune.com/...

• @bowtiednightowl @bowtiednightowl on x

  Probably nothing https://twitter.com/...

• @calvinayre Calvin Ayre on x

  look this is really simple...RICO charges in the US are minimum 10 years for involvement in organized crime and that is what this is and that is what all enablers are facing.https://fortune.com/...

• @crediblecrypto @crediblecrypto on x

  I've said in recent video updates that the only thing I can really see that may cause another major liq flush/shakeout to the downside would be something related to the potential DOJ action against CZ. This is nothing to be fearful about in the grand scheme of things- but it is..…

• @commie888warp @commie888warp on x

  In hindsight, it was obvious and in plain sight @insiliconot @fomocapdao https://twitter.com/... [image]

• @jcoviedo6 JC Oviedo on x

  Never forget Binance is a RICO. It was designed from the start to evade the law, engaged in money laundering for some of the other worst people on earth, and facilitated industrial scale tax evasion. The rats fleeing the sinking ship must know the DOJ is going for the jugular. ht…

• @iamdcinvestor @iamdcinvestor on x

  not great when your GC and compliance lead quit over the same thing at the same time https://twitter.com/...

• @theflowhorse @theflowhorse on x

  Was just talking about this on @RealHxroLabs pod. It's coming. Considering the Blackrock ETF mistake was a 5% move, I expect the DOJ announcement to be greater. The liquidations from this are probably the last real dip buying opportunity before the market just melts up into... ht…

• @bowtiedbull @bowtiedbull on x

  Right when we expect things to slow it just gets busy. Not a great look! https://twitter.com/...

• @adamscochran Adam Cochran on x

  This is part of the emergency meeting in Dubai. Based on the DoJ investigation senior execs in compliance and legal quit. Means: 1. DoJ investigation exists and filings forth coming. 2. Your lawyers and compliance officers only resign if you've REALLY fucked up. https://twitter.c…

• @gayu_btc @gayu_btc on x

  @cz_binance It is far more unsettling and distressing to be betrayed or attacked by someone you considered a teammate or friend. #istandwithcz ✊🏼 https://twitter.com/...

• r/Buttcoin r on reddit

  Binance plunges into crisis as senior execs quit over CEO Changpeng Zhao's response to Justice Department investigation