Binance US, an American affiliate of the world’s largest cryptocurrency alternate, has employed a brand new chief compliance officer.
The transfer to rent Lesley O’Neill comes amid intense regulatory scrutiny within the US by the Securities and Trade Fee. The SEC sued Binance US in June, alleging that the corporate engaged in unregistered gross sales of crypto asset securities, and commingled buyer funds. That authorized motion stays ongoing.
In line with LinkedIn, O’Neill beforehand labored in authorized and compliance roles at Show, final serving as its chief compliance officer. She additionally held roles at EY, Milbank and Bloomberg, per her profile.
In a press release, Binance US mentioned that O’Neill would lead the agency’s sanctions, anti-money laundering, and know-your-customer initiatives.
“I stay up for incomes and sustaining the belief of our prospects and regulators by constructing upon the corporate’s robust basis of compliance and deepening its dedication to accountability and transparency,” O’Neill mentioned in a press release.
Final month, Binance and now-former chief govt Changpeng Zhao agreed to a multibillion-dollar settlement with the US Division of Justice. Zhao stays within the US forward of a sentencing listening to in February.
The SEC continues to pursue its case in opposition to Binance, Binance US and Zhao, alleging that the defendants intentionally violated US securities legal guidelines.
“We allege that Zhao and the Binance entities not solely knew the foundations of the street, however in addition they consciously selected to evade them and put their prospects and buyers in danger,” Gurbir S. Grewal, director of the SEC’s enforcement division, mentioned in a press release on the time.
Learn extra: The US watered down crypto when it ousted Binance’s Zhao — and that’s okay
Buddy.tech on the lookout for sensible contract engineer
In the meantime, Buddy.tech, the social finance app that went viral final yr, is on the hunt for a wise contract engineer.
The agency, based on a job board hosted by crypto enterprise capital agency Paradigm, is providing as a lot as $200,000 in wage for “an skilled sensible contract engineer to assist us construct the following era of friendtech sensible contracts.”
Buddy.tech took the crypto world by storm final summer time, scoring greater than 100,000 customers inside a month of its launch. The app makes use of social tokens and a digital “share” system for interacting with influencers and different accounts.
However the app’s curiosity bubble popped within the weeks and months that adopted. DappRadar’s dashboard reveals that volumes and transaction counts are properly beneath the final summer time’s highs.
Learn extra: Buddy.tech: Flash within the pan or inevitable way forward for crypto financialization?
Different notable hiring information
- The Telos Basis has employed John Lilic to be its govt director. Lilic is a long-time crypto builder, having been an early worker at ConsenSys and Metamask. “I’m wanting ahead to making use of my intensive expertise and insights from my time with the Bitcoin Heart NYC, Consensys, Polygon and different profitable ventures,” Lilic mentioned in a press release.
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