Binance CEO Changpeng “CZ” Zhao responded to recent media reports on several top executives leaving the company, calling them an attempt at spreading “FUD,” the industry’s colloquial acronym for fear, uncertainty, and doubt.

Fortune reported that General Counsel Hon Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance Steven Christie left their roles at Binance this week over CZ’s handling of the ongoing investigations against the exchange, which was initiated by the U.S. Department of Justice (DOJ) for alleged attempts to deceive U.S. regulators.

The publication also called the executives’ decision to quit the company “a management and strategic crisis for Binance at a time when it is navigating immense regulatory pressure.”

Without responding to these allegations, CZ said the company has been “extremely lucky to have some of the best talent the planet has to offer.”

“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the ‘news’ are completely wrong,” he wrote on Twitter.

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Author: Andrew Asmakov

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