Binance’s Head of Product Mayur Kamat Departs

Binance has seen another senior executive depart the company, with Global Product Lead Mayur Kamat heading for the door after almost a year and a half at the cryptocurrency exchange.

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Kamat’s departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and SVP for Compliance Steven Christie, who left the company in early July. Leon Foong, head of Asia-Pacific, resigned last week, Bloomberg reported Aug. 31.

Their departures were linked to the way founder Changpeng “CZ” Zhao responded to the investigation of Binance by the U.S. Department of Justice, according to reports. CZ described the reports as “FUD” (fear, uncertainty and doubt).

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