Patrick Hillmann News

04.09 / 11:11

business Binance Job Bitcoin Executive Binance head of product quits as executive exodus continues

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world.

14.09 / 19:11

Binance Digital Strategy Binance.US legal and risk executives are leaving: report

Binance are leaving at a time when the crypto giant is grappling with regulatory pressures, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Krishna Juvvadi, head of legal, and Sidney Majalya, chief risk officer, are leaving Binance.US, the report said.

07.09 / 23:31

business Law Binance Ripple Liquidity Grayscale Banks Binance CEO brushes off negativity, assures firm has 'no liquidity issues'

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty.

18.07 / 03:17

Binance Binance news Crypto Exchange Binance lays off over 1,000 employees: Report

Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported on Friday, citing a person familiar with the moves. Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann. U.S. regulators last month sued the crypto exchange and its CEO Changpeng Zhao for allegedly operating a «web of deception.» Binance has said it would defend itself «vigorously.» More employees were laid off this week, according to former employees, who said customer-service workers were heavily affected. The cuts were global, including about three dozen customer-service employees in India, the report added.

07.07 / 21:19

markets Binance ETF bonds Bitcoin Bitcoin Price Support 3 reasons why Bitcoin's price is primed to hold the $30,000 level as support

Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.

07.07 / 17:33

Twitter Binance Strategy Binance executives quit as problems mount at crypto firm

Binance, as the company faces a widening net of legal probes across the world. The firm is one of the biggest left in the crypto industry, which has seen a string of scandals, hacks and thefts and suffered plummeting values across the board. Two US financial regulators are suing Binance and reports say the Justice Department is also probing the firm and its boss, Changpeng Zhao, over money laundering and sanctions busting.

07.07 / 10:57

Twitter Binance Strategy Binance boss Changpeng Zhao defends exec departures

Binance boss Changpeng Zhao has brushed off reports suggesting the ongoing investigations into the firm are driving executive departures from the world's biggest crypto trading venue.

07.07 / 10:09

Binance regulation DOJ exit Top Binance Executives Exit Over CEO’s Response to DOJ Investigation

Binance's handling of the recent regulatory troubles has led to the departure of some top executives.

06.07 / 23:01

business Binance Binance's top strategist departs company amid reported US exec resignations

Binance's chief strategy officer Patrick Hillmann has confirmed he is leaving the crypto exchange amid reports that other top executives in the United States have been departing as a result of a Department of Justice (DOJ) investigation.

19.06 / 15:49

Binance regulation FCA Binance Subsidiary Cancels Registration With UK Regulator

Binance Markets Limited, a UK subsidiary of Binance, has canceled its registration with a UK regulator.

09.06 / 03:19

SEC DOJ Elizabeth Warren letter US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation

Long-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.

31.05 / 17:15

Binance regulation exchanges reports Binance Chief Communications Officer Responds to Reports on Job Cuts

Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.

31.05 / 16:45

business Binance regulation regulatory Binance plans new round of layoffs to address increased regulatory scrutiny

A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees.

24.05 / 19:41

Binance CZ binance China Central Television’s Segment on Crypto Garners Attention Around the World

China Central Television aired a segment on Tuesday involving virtual assets, which garnered attention from around the world.

24.05 / 07:17

business Binance Cybersecurity Cybercrime KYC AI deepfakes are getting better at spoofing KYC verification: Binance exec

Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binance's chief security officer warns.

24.05 / 07:17

business Binance Reuters CFTC regulation Paxos Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’

Crypto exchange Binance denies allegations of mismanagement of customers’ funds. Binance’s denial came in response to a Reuters report that alleged that the crypto exchange comingled customer’s funds with company revenue.

24.05 / 00:07

Binance CFTC CZ binance Customer Reuters Says They Stand by Its Reporting On Binance Commingling Customer Funds

Reuters says it stands by its reporting following criticism it received from a Binance executive on its story that said the world’s largest crypto exchange commingled customer funds.

23.05 / 17:51

Binance CFTC CZ binance Customer Binance Denies Reuters Report That It Commingled Customer Funds

Binance is pushing back against a Reuters report that said the world’s largest cryptocurrency exchange commingled customer funds with company revenue in 2020 and 2021.

11.05 / 23:41

Binance Digital SEC Action coinbase Strategy regulatory Binance exec hits out at 'very difficult' US regulatory environment

Speaking at a Financial Times summit, Binance chief strategy officer Patrick Hillmann cited SEC action against rival exchange Coinbase as an example of how "the US right now is in this weird place". In March, the Commodity Futures and Trading Commission charged Binance and two of its top executives with "wilful evasion of US law" and is seeking disgorgement, civil monetary penalties and permanent trading and registration bans against the digital asset firm.

11.05 / 10:27

Blockchain regulation SEC UK government U.S. Binance looks to the UK for regulation amid US crypto crackdown

Crypto exchange Binance has acknowledged that a crackdown on cryptocurrencies has made it challenging to conduct business in the United States, and it is now looking to be regulated in the United Kingdom.

02.05 / 16:55

Binance ChatGPT Binance Faces ChatGPT-Powered Smear Campaign Linking Founder to Chinese Communist Party – Here's the Latest

Binance has become a victim of a smear campaign by an AI-powered chatbot that spreads false information regarding its founder Changpeng Zhao (CZ) and his supposed affiliation with the Chinese Communist Party.

facts about Patrick Hillmann

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