Binance CEO CZ Remains Unfazed by Top Executives' Departures

Binance CEO Changpeng "CZ" Zhao dismissed reports of top executive departures, stating that turnover is a normal occurrence in any company. The departures come amid regulatory pressure, with the SEC filing a lawsuit against Binance and CZ for alleged securities law violations. High-profile personnel, including the Chief Strategy Officer and Senior Director of Investigations, have left the company reportedly due to CZ's response to an ongoing DOJ investigation. Binance's Chief Business Officer has also departed, and U.S. staff are being asked to relocate or face layoffs. Binance's exchange token, BNB, has dropped 2.4% in response to the news.