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Binance Suffers Another Blow: Two Execs Join Talent Drain

Regulatory issues around the world have led to the departure of several key executives from Binance, increasing the number to five. Mayur Kamat, the Global…

Binance Global Head of Product Leaves in Latest Senior Departure

Binance Global Head of Product Leaves in Latest Senior Departure
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Binance Head of Product Is Latest Exec to Depart Crypto Exchange

Mayur Kamat, the Global Head of Product at Binance, has resigned from his position, becoming the latest in a string of top executives to depart the…

Binance global head of product Mayur Kamat resigns

Kamat's exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng. The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, where regulators aggressively clamp down on what they deem are illegal activities. The Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao in June for allegedly operating a "web of deception," listing 13 charges, including claims the company artificially inflated its trading volumes, diverted customer funds and failed to restrict U.S. customers from its platform.

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