<\/p>\n
Once again, a major executive is on the outs at Binance.\u00a0<\/p>\n
This time, it\u2019s St\u00e9phanie Cabossioras, who was the general manager of the crypto exchange\u2019s French business for slightly under a year.\u00a0<\/p>\n
A French YouTuber going by Hasheur announced the news on X, formerly known as Twitter, early Wednesday morning.\u00a0<\/p>\n
In an unusual turn of events, Binance France President David Prin\u00e7ay chose to respond to Hasheur\u2019s post and confirm Cabossioras\u2019s departure. Up to this point, Prin\u00e7ay hasn\u2019t addressed this matter publicly outside of his reply to Hasheur.<\/p>\n
Blockworks confirmed with Binance<\/a> that Cabossioras did in fact leave the company.\u00a0<\/p>\n Her original position at Binance France was head of legal, which she was hired for in April 2022. And immediately before her year and half stint at Binance, Cabossioras<\/a> was a mainstay at Autorit\u00e9 des March\u00e9s Financiers, France\u2019s securities regulator.\u00a0<\/p>\n Cabossioras is just one of four executives at Binance who have left in recent months<\/a>. These include the company\u2019s former head of product, its Asia-Pacific head, and two high level managers for Binance\u2019s operations in Eastern Europe and CIS.<\/p>\n Binance has also fled a number of countries in Europe, including Germany<\/a>, the Netherlands<\/a>, and Cyprus. Binance is also temporarily halting the acceptance of new customers in Britain<\/a>, given the country\u2019s move to restrict crypto advertising in July<\/a>.<\/p>\n Parity Technologies, the company developing the Polkadot blockchain, has reportedly laid off a substantial number of its some 385 employees.\u00a0<\/p>\n Parity workers found out about the mass layoffs a week before the company\u2019s Oct. 9-13 retreat to Mallorca, an island off the east coast of Spain, DL News reported<\/a> Tuesday.<\/p>\n Employees told the outlet they were expected to go at first, even though there was a good chance they would be let go afterward. However, Parity reportedly made the retreat something people could opt-in for after the layoffs were broadcast.<\/p>\n Polkadot is down over 93% from its high of $54.98 on Nov. 4, 2021, according to CoinGecko<\/a>.<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\nTrouble in Mallorca?<\/h2>\n
Other notable hires<\/h2>\n
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