ChainCatcher news, Zhao Changpeng responded to Fortune's report on Binance executives leaving, stating, "The reasons given by the news regarding some departure FUD are completely incorrect. With the changes in the cryptocurrency market and the global environment, as well as Binance's development and individual circumstances, every company experiences personnel changes. Binance will continue to BUILD and keep hiring. Thanks to all former team members for their contributions to Binance's growth, and I wish them all the best." (source link)

ChainCatcher news, according to sources, Silicon Valley Bank's Chief Audit Officer and Chief Risk Officer Kim Olson, who has only been in the position for three months, will be leaving. Additionally, HSBC USA announced that it has hired 40 bankers from SVB to help build new products "dedicated to the innovation economy." The bank has recruited senior SVB talent, including Chief Business Development Officer Sunita Patel, Head of Life Sciences and Healthcare Katherine Andersen, Head of Technology and Healthcare Banking David Sabow, and Head of Technology Credit Solutions Melissa Stepanis. (source link)