Binance sees wave of executive departures including counter-terrorism advisor By Investing.com

Binance, the world’s leading digital-asset exchange, is experiencing a notable reshuffling of its upper ranks, with Jennifer Hicks, the company’s Senior Counter-Terrorism Official, being the latest high-profile executive to depart. Hicks, who had joined the exchange in late 2021 and quickly ascended to her unique role, confirmed her exit on LinkedIn.

Hicks’ departure comes at a time when Binance and the broader cryptocurrency industry face increased scrutiny over their potential role in terrorism financing. This follows allegations that groups such as Hamas have used cryptocurrencies to fund an attack on Israel. U.S. lawmakers have initiated an investigation into how digital currencies might be exploited for such purposes. Meanwhile, Elliptic, a blockchain analytics firm, has challenged the extent of these fundraising activities reported by some sources.

The exit of Hicks marks another significant loss for Binance’s leadership team, which has seen the departure of key figures this year including the head of product, chief business officer, general counsel, and Asia-Pacific boss. These departures signal a substantial transformation within the management structure of Binance during a period marked by regulatory challenges and increasing attention from authorities on the operations of cryptocurrency platforms.

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