Binance is among those crypto exchanges which have been facing some immense issues on a global level. Recently in England, Binance tried to sell people regulations that were not even accredited by the local regulatory bodies, which is why it got its license terminated effective immediately, and many major banks, including Barclays, dissolved their partnership with the crypto exchange till further notice. In China, Binance is almost out in terms of the trading operations which it was first delegating; it can be said that the exchange was in some deep waters all over the world regarding the regulatory oversight.

Another shocking news came forward today as Brian Brooks resigned from his position at Binance, US. According to the spokespersons at the exchange, US Brian stepping down will not interfere with the daily operations in any form, but the crypto community, on the other hand, has some spiraling thoughts on the matter.

Brian brooks is not a light personality as he already has served as the chief executive officer for various crypto exchanges in the past and was the CEO of the exchange for the past four months, but then out of the blue, he suddenly decides to leave the exchange hanging in the balance. It was accepted with great confusion and distress among the crypto community. 

Crypto Community in Shock over Brian Brook’s Resignation

In a generic tweet, Brian has bored the curtains from the massive secret which led to his resignation. The tweet reads that there were some differences in the strategy direction among the stakeholders and the board panel, and according to Brian, this is the main reason why he resigned from his position.

Changpeng Zhao, the CEO of Binance, which is a completely separate entity from Binance US, sugarcoats the whole situation by addressing this event as not that important. Zhao thinks that Brian stepping down as the CEO of Binance US will not hinder the operations in the United States in any way or form and will certainly not affect Binance customers.  The crypto community, on the other hand, has been taking this whole thing as something big coma, something which is not right as there is a huge tension among the investors and crypto enthusiasts that Brooks might have known something big or scary about the exchange and that is why he stepped down. Even if it looks kind of hilarious, but it has a certain ring to it.