Crypto hiring: Binance exit list gets longer as French general manager departs

Polkadot developer Parity is also weathering some shake ups in its 300+ roster

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Once again, a major executive is on the outs at Binance. 

This time, it’s Stéphanie Cabossioras, who was the general manager of the crypto exchange’s French business for slightly under a year. 

A French YouTuber going by Hasheur announced the news on X, formerly known as Twitter, early Wednesday morning. 

In an unusual turn of events, Binance France President David Prinçay chose to respond to Hasheur’s post and confirm Cabossioras’s departure. Up to this point, Prinçay hasn’t addressed this matter publicly outside of his reply to Hasheur.

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Blockworks confirmed with Binance that Cabossioras did in fact leave the company. 

Her original position at Binance France was head of legal, which she was hired for in April 2022. And immediately before her year and half stint at Binance, Cabossioras was a mainstay at Autorité des Marchés Financiers, France’s securities regulator. 

Cabossioras is just one of four executives at Binance who have left in recent months. These include the company’s former head of product, its Asia-Pacific head, and two high level managers for Binance’s operations in Eastern Europe and CIS.

Binance has also fled a number of countries in Europe, including Germany, the Netherlands, and Cyprus. Binance is also temporarily halting the acceptance of new customers in Britain, given the country’s move to restrict crypto advertising in July.

Trouble in Mallorca?

Parity Technologies, the company developing the Polkadot blockchain, has reportedly laid off a substantial number of its some 385 employees. 

Parity workers found out about the mass layoffs a week before the company’s Oct. 9-13 retreat to Mallorca, an island off the east coast of Spain, DL News reported Tuesday.

Employees told the outlet they were expected to go at first, even though there was a good chance they would be let go afterward. However, Parity reportedly made the retreat something people could opt-in for after the layoffs were broadcast.

Polkadot is down over 93% from its high of $54.98 on Nov. 4, 2021, according to CoinGecko.

Other notable hires

  • Longtime Microsoft higher-up Vassilis Tziokas is joining Matter Labs to lead enterprise business development strategies.
  • Layer-2 blockchain Layer N hired former Dfinity employee Faraz Shaikh as its vice president of engineering.
  • ClearBank, a banking infrastructure provider, appointed Jonny Fry as head of digital assets strategy.

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