Binance Executives Exit as Regulatory Heat on Exchange Grows (2)

The billionaire founder of crypto’s biggest exchange Binance Holdings Ltd. sought to defend the platform following the exits of executives who had been helping the company navigate a widening regulatory crisis.

Changpeng ‘CZ’ Zhao said “we continue to BUILD, and continue to hire” in a tweet on Friday after Binance’s chief strategy officer, general counsel and a compliance official departed, stirring fresh questions about the outlook for an exchange that’s facing probes in the US, Europe and Asia Pacific.

Zhao has repeatedly had to counter what he terms “FUD” — or fear, uncertainty and doubt — amid a decline in ...