Crypto hiring: Binance loses exec trio as regulators circle

Binance continues to make headlines — and its staffers are coming and going


Aleksandr Khmeliov/Shutterstock modified by Blockworks


Binance has lost three executives as the exchange has continued to fend off a number of regulatory probes worldwide. 

The people parting ways with Binance include General Counsel Hon Ng, as well as Patrick Hillmann, chief strategy officer, plus Steven Christie, who held the title of senior vice president for compliance, Fortune originally reported.

A former Asia Pacific-based legal executive, Eleanor Hughes has since been elevated to Binance’s open general counsel seat. 

Hillmann on Twitter said he was leaving “on good terms” with Binance, and Christie said he was “simply tired” after spending the last six years working on compliance projects for Kraken and Binance.

Binance didn’t immediately respond to a request for comment. 

Shakeups at MicroStrategy, Polygon Labs

MicroStrategy lost Chief Revenue Officer Kevin Adkisson this week.

After working for MicroStrategy for nearly seven years in four different sales positions, Adkisson resigned from the role on Wednesday, according to an SEC filing. He’s set to stay on as an adviser.

MicroStrategy CEO and President Phong Le took over Adkisson’s responsibilities.

Separately, Polygon Labs promoted Marc Boiron from chief legal officer to CEO. Boiron has worked at a number of law firms advising companies about blockchain technology. His most recent gig prior: chief legal officer at crypto trading platform dYdX.

Rebecca Rettig will be taking over as chief legal officer. Rettig joined Polygon this January as chief policy officer. She had that same role at Aave before that and had a brief stint as a board member for Silvergate Bank in March 2022.

Also, Ryan Wyatt will be stepping down as president of Polygon at the end of July to serve in an advisory role.

Other notable hires

  • ETC Group, a European crypto ETP provider, is ditching its co-CEO model. Tim Bevan will take over as the sole chief executive of the company, and Bradley Duke will become chief strategy officer.
  • Hong Kong has recently staffed its Web3 development taskforce it introduced in February. Financial Secretary Paul Chan will chair the group, and Yat Siu of Animoca Brands was appointed to be a member.
  • Galaxy Digital CEO Michael Novogratz said at a conference last month that his and other crypto companies are looking to move employees overseas because of the regulatory environment in the US.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg


The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.


Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral



Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM


The side events were the places to be at Consensus 2024, according to attendees


Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them


I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right


Also, the ETF hype train can count out at least one member