The head of business development of Binance, Ted Lin, left the exchange after five years as a top manager. About this Lin himself reported on my own Twitter. What exactly caused the departure is unknown. However, Lin stated that the decision to leave Binance “was not an easy one.”
Personal update: I have officially wrapped up at #Binance. It’s been an amazing journey of ~5 years since I joined Binance in September 2017.
It was a difficult decision to leave, but I wanted to spend more time with my young family and be more flexible with my time.
— Ted Lin (@Teddy_Lin) Jul 1, 2022
Lin is one of the veterans of Binance, having joined the exchange back in 2017. He was responsible for development initiatives and the commercial department. Now, according to Lin himself, he will focus on his family and private investments.
“I will continue to dive into cryptocurrencies and Web 3,4,5, as well as share my accumulated knowledge with new developers and managers in this area,” said Lin.
Who will replace Lin as head of development at Binance is unclear. This is the third top manager to leave Binance since the beginning of 2022. Earlier, the media reported that the head of the venture division Bill Qian, as well as the investment director Nicole Zhang, left Binance.
Lin retired from the exchange just a month after the U.S. Securities and Exchange Commission (SEC) launched an investigation into the Binance crypto exchange token, binance coin (BNB). As the media found out, the SEC wants to decide whether the ICO of the token can be classified as a security class. On Twitter, Lin noted that at one time it was the exchange token that inspired him to join Binance.
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