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The Binance staff turnover saga took another turn this week with word that Jonathan Farnell, head of Binance UK and the CEO of Bitfinity, left the company in September.\u00a0\u00a0<\/p>\n
The departure news comes roughly a week after it emerged that St\u00e9phanie Cabossioras, general manager of Binance France, also departed.<\/p>\n
Farnell had served as director of Binance UK since June 2021 and resigned<\/a> on Sept. 22, 2023. Prior to his more than two year tenure at the world\u2019s largest exchange, he spent over five years at eToro as a director of compliance and as a board member.<\/p>\n Blockworks reported that Binance UK temporarily stopped accepting new customers<\/a> over crypto ad bans.\u00a0<\/p>\n Another big crypto company, Ripple, is having an effect on Fortress Trust\u2019s C-suite.\u00a0<\/p>\n Read more:<\/strong> Crypto hiring: Binance exit list gets longer as French general manager departs<\/a><\/p>\n Scott Purcell, the founder of Fortress, stepped down as CEO roughly around a month after Ripple abandoned its planned acquisition<\/a> of the crypto custody firm. Purcell will remain a board member of the parent company.\u00a0<\/p>\n According to a LinkedIn post<\/a>, Rich Hauschild will serve as the new CEO. Previously, Hauschild was the chief operating officer of crypto IRA provider iTrustCapital.\u00a0<\/p>\n Fortune also reported that Fortress laid off at least six employees.<\/p>\n Fireblocks<\/a>, which offers institutional grade digital asset custody, hired<\/a> Peter Marton, a former top regulator at the New York State Department of Financial Services (NYDFS). The NYDFS is the chief regulatory body for crypto in the state.\u00a0<\/p>\n Blockworks previously reported that Marton left his post as head of the virtual currency department at the agency<\/a> in September. Now, he\u2019s venturing back into the private sector and will serve as Fireblocks\u2019 director of digital identity.\u00a0<\/p>\n Prior to joining the NYDFS in December 2021, Marton worked in digital asset strategy at IBM.<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\nFireblocks snags former New York regulator\u00a0<\/h2>\n
Other notable hires<\/h2>\n
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