Key Executives Depart Binance Amidst Regulatory Challenges
Summary:
Gleb Kostarev and Vladimir Smerkis, key executives at Binance related to the Russian market, have announced their departure from the cryptocurrency exchange. Kostarev thanked Binance CEO Changpeng “CZ” Zhao and co-founder He Yi for their support, while Smerkis reflected on his time at the company. Their exits come amidst regulatory challenges faced by Binance.
Gleb Kostarev, the head of Eastern Europe and Russia at Binance, declared on Facebook that he is leaving the company. In his announcement, he revealed that today is his last day at Binance after serving as the VP responsible for Eastern Europe, CIS, Turkey, Australia, and New Zealand. Kostarev expressed his gratitude to Binance CEO Changpeng “CZ” Zhao and co-founder He Yi for the opportunities they provided. Additionally, he thanked the local initiative teams for their hard work and impressive campaigns. Binance is now experiencing the departure of two key executives, including Vladimir Smerkis, the General Manager for Russia and CIS, due to regulatory challenges related to sanctions. Smerkis also made his departure known on Facebook, noting that his time at Binance has come to an end. This is an ongoing story, and we will provide further updates as more information becomes available.
Published At
9/6/2023 12:00:21 PM
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