Binance Executives Resigns Amid Escalating Challenges for the Crypto Exchange

Stéphanie Cabossioras, Managing Director of Binance's French unit, has resigned, adding to the series of high-profile departures at the crypto exchange

Binance has faced a tumultuous year, battling rigorous global regulatory challenges. Cabossioras marks the fifth major executive departure from the company

Cabossioras joined Binance as Head of Legal and later became General Manager of the French division. Her arrival coincided with Binance's European hub establishment in Paris.

Regulatory troubles have plagued Binance, with lawsuits and investigations in multiple countries, including France

The exchange suspended services in several European nations and faces UK registration restrictions.