Binance US, the US operations branch of the largest crypto exchange, is seeing more departures of its key employees this week.
Chief Legal Officer Krishna Juvvadi and Chief Risk Officer Sidney Majalya are leaving the company. These layoffs come a day after CEO Brian Schroder resigned and just over a week after Global Product Lead Mayur Kamat also left his position.
Earlier this year, the US Securities and Exchange Commission filed a lawsuit against Binance, its founder Changpeng Zhao and Binance US, alleging that they operated an illegal trading platform in the United States.