CZ addressed the FUD that has risen recently regarding Binance after several high-ranking executives left CZ's employment. Shroder's resignation was the most recent one. Zhao tweeted that this executive is"taking a deserved break" after fulfilling the goals that he committed to reach when he took the job in Binance two years ago, in 2021.
According to CZ, thanks to Shroder, Binance.US under the aforementioned executive"raised capital, improved its product and service offerings, solidified internal processes and gained significant market share." All of this was a large contribution to building a more resilient platform, allowing its customers to benefit from using it. CZ expressed his gratitude to Brian Shroder for the fruitful results of his two-year work for Binance.
CZ commented on the current state of the crypto market, stating that it is quite different from what it was two years ago, largely due to the hostile regulatory environment that has been expanding quickly and becoming even more hostile. Per CZ's tweet, Norman Reed, the Binance.US general counsel and chief legal officer, has been now appointed as an interim chief executive.