Binance Eastern Europe VP and Other Execs Announce Departure as Exchange Mulls Russian Exit

cryptonews.com:

Binance Eastern Europe Vice President Gleb Kostarev and CIS Manager Vladimir Smerkis have announced their departure from the company as the exchange considers a possible exit from Russia.

Both executives resigned amid regulatory hurdles posed by global sanctions on Russia following the country’s invasion of Ukraine. 

 Gleb Kostarev announced his departure today on Facebook reflecting on the journey so far and expressing his gratitude to friends, colleagues, and fellow executives for the journey so far. 

“Friends today is my last day in Binance. I am resigning as VP in charge of Eastern Europe, CIS, Turkey Australia, and New Zealand (I also quit APAC a few months ago). I would like to express my gratitude to CZ and He Yi for their trust and all the opportunities they have given me. Also, many thanks to my former colleagues for their professionalism and knowledge of best practices in the industry.” 

Vladimir Smerkis, the director of the Commonwealth of Independent States, also announced his exit from the company on Sept 6.

In a Facebook post, Smerkis thanked Kostarev and other colleagues who made his time with the exchange memorable while promising to share the reason for his exit as well as other issues about his future shortly. 

“Well, that's a wrap…Almost two years have passed like a moment and as of tomorrow, I don't work for Binance anymore. This was so incredible. I know you and the media will have a lot of questions about the causes, the future, thoughts, and experiences, which I have gratefully received. I will be sure to share this with everyone.”

Binance has also recorded several big-name exits in recent months notable Mayur Kumat, head of product until Sept 4 and Patrick Hilman the exchange’s ex-chief strategy