Shocking: Binance.US CEO Resigns Amid SEC Complaint Investigation!

Key Points:

• The SEC’s latest complaint against Binance has raised questions about former CEO Brian Brooks’ abrupt resignation in August 2021, just three months after his appointment as CEO of Binance.US.
• The complaint references an “unnamed source” who briefly ran Binance.US in 2021, leading some to speculate that Brooks’ decision to step down was related to events outlined in the complaint.
• Brooks, a former top banking regulator, replaced Catherine Coley as CEO of Binance.US on May 1, 2021, and comments cited in the complaint suggest that he realized he was “not actually the one running this company.” This realization may have prompted his resignation.

The SEC’s latest complaint against Binance has been a topic of discussion in the crypto community recently.

In fact, some have speculated that the complaint could shed light on why Brian Brooks, the former CEO of Binance.US, stepped down from his position in August 2021, only three months after his appointment.

According to a tweet from cryptocurrency lawyer James Murphy, who is also known as MetaLawMan on Twitter, the SEC complaint references an “unnamed source” who briefly ran Binance.US in 2021. These dates coincide with the time that Brooks was CEO of Binance.US. This piece of information has led some to question whether Brooks’ decision to step down was related to the events outlined in the SEC complaint.

Brooks, a former top banking regulator, replaced Catherine Coley as CEO of BNB.US on May 1, 2021. However, according to comments cited in the complaint, Brooks quickly realized that he was “not actually the one running this company.” This realization may have prompted his decision to step down and announce his resignation just three months later on Aug. 7.

While some have speculated that the events outlined in the SEC complaint played a role in Brooks’ decision to step down, Binance’s Chief Communications Officer Patrick Hillman has pushed back on this speculation. In a tweet, Hillman suggested that Murphy’s speculation “might be one person’s narrative” and that “it might not hold up to the test of time.”

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