A controversial article published by Fortune on July 7 attracted attention with its provocative headline, attempting to attract readers with news of the resignation of three senior executives at Binance.

Three senior executives, namely Binance General Counsel Hon Ng, Chief Strategy Officer Patrick Hillmann, and SVP for Compliance Steven Christie, announced their decision to leave the company to Changpeng Zhao, CEO of Binance, which is scheduled to occur this week.

“I will continue to support my colleagues at Binance and support the industry as it develops and matures. "Blockchain and crypto are here to stay and I'm excited to see them explode in the years to come," said Hillmann.

Although several senior Binance executives have announced their departures, Chief Compliance Officer Noah Perlman has confirmed via a post on Twitter that he will remain at the company to help address emerging challenges in the industry.

However, the planned departure of executives from Binance has been presented by Fortune in a manner that raises concerns and doubts (FUD), with a headline describing the departure as a "management and strategy crisis" for the company.

Fortune stated that the departure of the executives was related to the ongoing investigation into Binance by the Department of Justice. In addition, Binance is also facing charges from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regarding various alleged misdemeanors.

Binance CEO Responds to FUD

Changpeng Zhao responded on July 7 with a tweet saying that the reasons given by the media for the executive's departure were an attempt to spread FUD (fear, uncertainty and doubt). He emphasized that turnover in companies is a common occurrence and the reasons stated in the "news" are completely untrue.

CZ also revealed that in the last six years, Binance has experienced extraordinary growth, with a team that initially consisted of 30 people growing to 8,000 people. He mentioned that Binance has managed to protect its customers from fluctuations and instability in the crypto industry over the past year.