Hughes with almost 15 years of expertise, has worked with Binance since November 2021.
She will be in charge of 85 attorneys as part of her new position.
After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading to rumors of an impending internal crisis.
Christie wrote his statements outlining the personal reasons that forced him to take a leave from his work, amid rumors of unrest. What’s more, the former SVP praised the company’s compliance initiative. The leading cryptocurrency trading platform is embroiled in a number of lawsuits, including those brought by the CFTC and the SEC of the United States.
In-charge of 85 Attorneys
Hughes, a lawyer with almost 15 years of expertise, has worked with Binance since November 2021. According to a statement released by the exchange, Hughes will be in charge of 85 attorneys as part of her new position and will collaborate closely with the company’s Compliance team. When asked about Hughes’ status, Binance CEO CZ said, she “has grown to be a trusted advisor to himself and the team on legal matters.”
The CEO stated:
“With Eleanor at the helm, I am confident that our industry-leading legal team will continue to flourish in its mission to always protect users and manage risks on our platform.”
The business said that the new general counsel was instrumental in securing virtual asset service provider licenses and registrations, an issue that has recently been at the center of lawsuits involving crypto exchanges.