China News Official TheBitTimes.com

Binance has appointed Eleanor Hughes as the new general counsel . She has been a member of the Binance legal team since November 2021. Hughes now takes over, leading a battery of 85 lawyers . Shift in Binance’s legal team Ina July 13 announcement, Binance CEO Changpeng Zhao, also known as CZ, shared that during their time working together, he has come to trust their legal advisor to protect users and manage risks on the platform. Binance has appointed Eleanor Hughes as its new general counsel . She joined Binance's legal team in November 2021 and will lead Binance’s legal affairs with a team of 85 lawyers . Former general counsel Han Ng has recently departed, along with a number of other senior executives.… — Wu Blockchain (@WuBlockchain) July 13, 2023 In addition to her two years working at Binance, Hughes has another 15 years of experience in private and in-house roles, spending more than ten years at law firms, including Skadden, Meagher & Flom LLP, and...

The move comes just one day after the crypto executive's arrest on Dec. 12. According to local sources, on Dec. 13, crypto executive Sam Bankman-Fried's (SBF) lawyers have request ed bail in a Bahamas' Magistrate Court after his arrest on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate JoyAnn Ferguson-Pratt stated earlier today that SBF had the right to request bail. In supporting the application, the defense counsel for SBF argued that the 30-year-old crypto executive suffered from "depression" and "insomnia," does not possess a criminal record, and did not flee the Bahamas despite "ample opportunity" to do so. Counsel representing SBF also claimed that their client hasn't been taking medications, including "Adderall" and "anti-depressants" since his arrest. Lawyers also said that SBF doesn't object to electronic monitoring or reporting to a local...