Benzinga - Changpeng Zhao, popularly known as ‘CZ' dismissed the reports stating the departure of key executive personnel from cryptocurrency exchange Binance.
What Happened: In a series of tweets, CZ addressed the speculation, referring to it as “FUD,” or fear, uncertainty, and doubt.
This comes after Bloomberg and Fortune reported that Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, and Chief Business Officer Yibo Ling have all left the company.
According to CZ, departures of personnel are part of the normal turnover experienced by any company. "Yes, there is turnover (at every company). But the reasons dreamed up by the "news" are completely wrong."
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…
— CZ