CFO leaves Binance as exchange wades through regulatory hurdles!!

[Mahindra]

Binance has lost its top bean counter just as regulatory headwinds threaten to blow the troubled Cryptocurrency Exchange off its pedestal.
Binance announced early last week that Wei Zhou, the company’s chief financial officer for the past three years, had “decided to leave for personal reasons.” Binance CEO Changpeng ‘CZ’ Zhao’s traditionally chatty Twitter feed has so far said nothing about Zhou’s abrupt departure, which comes as the company is under assault on a growing number of legal fronts.
Since the year began, investigations into Binance’s activities have been launched by the U.S. Commodity Futures Trading Commission (CFTC) and Germany’s Federal Financial Supervisory Authority (BaFin). In May, Bloomberg Reported that the U.S. Department of Justice (DoJ) and Internal Revenue Service (IRS) were investigating Binance, allegedly on suspicion of money laundering and tax offenses.
Last week, CoinDesk reported that Palestinian militant group Hamas had recently transferred up to $100,000 in BTC to its military wing through Binance. The exchange eventually blocked the Hamas-linked wallets, but only after blockchain analysts traced the transfers back to Binance.
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[Zed0X]

The former CFO probably knew Binance cannot fight off these regulatory bodies for a long time and he doesn't want all the stress that brings. It's going to take a few more years but Binance will eventually forced to settle for a hefty fine/penalty.

[fallenangel1789]

It is interesting and dangerous for crypto space. Binance is too important and should not be affected by such news otherwise this can trigger the bear market easily. I hope there are some other reasons for his quitting.

[kent47400]

Not a good reason for if we are in a bad position to have to leave the company where we work because I am sure the company will grow rapidly if we are very tenacious and very skilled at solving problems.
The CFO of Binance left Binance when a lot of regulations hit Binance, this is not a gentleman but in the thread it was also said that the CFO of Binance left because of personal problems.

[Sumaiya2]

His comments come at a time when Binance faces increasing attention from regulators around the world—from the UK to Japan, and Thailand to the Cayman Islands. CZ said that the wider adoption of cryptocurrencies globally results in the need for “clearer regulatory frameworks in different countries.”

[aiviaa485]

Binance's Chief Financial Officer Wei Zhou may have had a protracted problem that he resigned from Binance and usually it's a matter that is not related to Binance, such as family matters.
If you look at the actions of Binance, Binance has a myriad of stories to escape the various regulations that the US has given because Binance has the extraordinary honesty that Changpeng Zhao has had since the founding of Binance.

[jonathancool220]

Circumstances like this make it possible that Binance is really a company that is in a dilemma for some people because I think that Binance is not worthy of being abandoned by everyone but Binance's CFO instead left Binance.
There are other factors besides Binance's CFO leaving easily because we can understand that personal problems cannot be denied to be brought into our work and this is just my assumption of what Binance's CFO is doing.

[damsix]

I'm sure the entire community of Binance will not be disappointed if they have to see this news because these are just a few stories from Binance which has a lot of employees in the Binance Exchange company.
The CFO of Binance may be tired of working with Binance and may want to create a new company for himself or maybe the outgoing CFO of Binance can re-enter work with Binance in the future.