Binance's Anti-Terrorism Top Manager Leaves the Company
Date: 2023-11-19 Author: Dima Zakharov Categories: IN WORLD
Departure of Jennifer Hicks
Jennifer Hicks, a top manager at Binance responsible for anti-terrorism efforts, has left the cryptocurrency exchange. Her departure coincides with a critical moment for the crypto industry. Reports emerged alleging that groups like HAMAS had used cryptocurrency to amass funds ahead of attacks on Israel. Subsequently, US lawmakers demanded President Joe Biden's administration access potential cryptocurrency involvement in HAMAS operations.
Impact on Industry Discussions
Hicks' exit from Binance adds a new dimension to ongoing discussions about the effectiveness of Know Your Customer (KYC) technology and counter-terrorism measures, especially within cryptocurrency exchanges.
Series of Departures at Binance
Binance has witnessed a series of departures by top-level managers amidst legal battles in Europe and the US. Recently, the CEO of Binance's French division, Stephane Cabossioras, announced her resignation. Earlier, two top managers responsible for the CIS region left the cryptocurrency exchange—Gleb Kostarev, the director for Binance in Eastern Europe, and Vladimir Smirkes, the CIS director.
