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Brian Brooks resigns from Binance – Announces move on Twitter

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Brian Brooks, chief executive of the U.S. arm of global cryptocurrency exchange Binance, said on Friday he had resigned just three months after taking up the role.

The former U.S. banking regulator and crypto enthusiast is resigning at a time when regulators in Hong Kong, Britain, Germany, Japan, Italy, and Thailand have cracked down on Binance due to worries over investor protection. Watchdogs globally also fret that the boom in cryptocurrencies is aiding money laundering and increasing systemic risks.

“Letting you all know that I have resigned as CEO of ⁦⁦@BinanceUS,” Brooks wrote on Twitter. “Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!”

Headed by Canadian Changpeng Zhao, Binance offers a wide range of services globally, from the crypto spot and derivatives trading to tokenized versions of stocks, as well as its own cryptocurrency, Binance Coin.

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