Binance has appointed Eleanor Hughes as its new general counsel to lead the legal affairs of the cryptocurrency exchange with a team of 85 lawyers. Hughes, who previously served as head of legal for APAC and MENA at Binance, has helped the company secure virtual asset service provider licenses in several jurisdictions.
The appointment comes after former general counsel Han Ng and other senior executives left the company amid legal and regulatory challenges, including a lawsuit by the Commodities Futures Trading Commission and an investigation by the US Department of Justice.
Binance founder and CEO Changpeng Zhao expressed confidence in Hughes and the legal team's ability to protect users and manage risks on the platform.
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