Binance chief strategy officer quits

Binance's Chief Strategy Officer Patrick Hillmann has quit the cryptocurrency exchange, he said in a tweet on Thursday.

Last month, U.S. regulators sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception" and filed 13 charges in a federal court in Washington D.C. Binance has said it would defend itself "vigorously."

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"It's true that I am leaving Binance," Hillmann said in a tweet, adding that he was doing so on good terms.

Hillmann had joined the world's largest cryptocurrency exchange in 2021 and became the chief strategy officer in October last year.