Saulius Galatiltis, CEO of a Binance crypto-to-fiat fee affiliate, has stepped down in an ongoing exodus of executives from the digital asset titan.
Galatiltis served as Bifinity’s chief govt from January 2022 to October 2023, per his LinkedIn profile. The Lithuania-based fee processor allowed prospects to transform their fiat currencies into crypto tokens on Binance’s trade, specializing in European customers.
That is the most recent departure from Binance-related entities as of Oct. 19 following a lawsuit from the U.S. Securities and Alternate Fee (SEC) alleging securities fraud. The go well with indicted Binance International, Binance.US, and CEO Changpeng Zhao.
Binance’s Asia-Pacific director, Leon Foong, left the corporate on Aug. 31, a couple of weeks after normal counsel Hon Ng and chief technique officer Patrick Hillmann resigned.
Stéphanie Cabossioras, Binance France’s Managing Director, stepped down amid regulatory scrutiny geared toward Zhao’s firm throughout a number of jurisdictions in North America, Europe, and Western Africa.
Binance has reportedly ceased operations or withdrawn license purposes in international locations just like the Netherlands, Germany, and the UK.
The crypto trade heavyweight additionally resumed operations in Belgium and introduced new fiat channels in partnership with unnamed service suppliers after major European fee processor Paysafe halted companies for Binance customers.
Zhao’s firm, crypto’s largest centralized trade by buying and selling quantity, stays the topic of an SEC enforcement action.
