The Deputy General Manager of Binance France resigns

Ms. Stéphanie Cabossioras, Deputy General Manager of Binance France, has left the exchange and separated from the board of directors following extra than one 12 months of services.

The Deputy General Manager of Binance France resigns

On the afternoon of October 18, 2023, Binance “parted ways” with a senior member of the board of directors personnel in the “hexagonal country”, i.e. Ms. Stéphanie Cabossioras, Deputy General Manager of Binance Francein the context that the French branch of the stock exchange is underneath investigation for allegations of “serious money laundering” by way of the provide of “illegal” digital asset providers.

This facts was confirmed by Binance France President David Prinçay.

We thank Stéphanie for his solid contribution to Binance France and he is the ideal for his prochain défi.

— David Prinçay (@davidprincay) October 18, 2023

Ms. Stéphanie Cabossioras joined the management of Binance France in April 2022 as Chief Legal Officer and a couple of months later on was appointed Deputy Chief Operating Officer. You previously held the place of Deputy Legal Director at French Financial Markets Authority (AMF).

Binance France has not still created an official announcement, but the departure of the former deputy CEO has elevated nervousness in the investment neighborhood, when in just one month the foremost exchange has constantly “flowed Brainpower” from senior management, together with:

• September one, 2023: Binance’s Asia-Pacific (APAC) regional director, Leon Foong, has submitted his resignation.

• September four, 2023: Global Product Director Mayur Kamat parted approaches with Binance following much less than one 12 months of commitment.

• September six, 2023: Two senior managers from Eastern Europe and Russia, Gleb Kostarev and Vladimir Smerkis, resigned, ahead of Binance officially announced the sale of its Russian branch to neighborhood exchange CommEX

• September seven, 2023: Helen Hai – Senior Vice President managing fiat, NFT and Fan Token trading and Director of Binance Charity – has resigned following five many years of operating collectively.

• September 13, 2023: Binance.US President and CEO Brian Shroder has withdrawn from the US branch, forcing Mr. Changpeng Zhao (CZ) to communicate out to reassure the neighborhood.

• September 15, 2023: Binance.US witnessed the departure of two leaders, Krishna Juvvadi – Head of Legal and Sidney Majalya – Director of Risk Management.

This could be a consequence of the litigation scandal The US Securities Commission (SEC) is focusing on mother or father enterprise BinanceUS branch Binance.US and CEO Changpeng Zhao (CZ) from June to current.

On the other hand, the world’s greatest cryptocurrency exchange also faces legal obstacles in numerous other nations this kind of as Canada, United Kingdom, Netherlands, Belgium, Cyprus, Brazil, Austria, Germany, Australia, Nigeria…

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