resigns
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News Headlines
Binance CEO Resigns, Pleads Guilty To Money Laundering Violations
The most powerful man in crypto has lost his crown - and could see his freedom curtailed as well. Binance chief Changpeng Zhao on Tuesday stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said. The deal with the Justice Department, part of a large settlement between Binance and other…
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The Wire
Optus CEO Resigns After Nationwide Outage Left Hundreds of thousands Without Mobile and Web Services and products
Earlier this month, the entire Optus mobile network went offline nationwide following a "routine software upgrade." According to Reuters, "More than 10 million Australians were hit by the 12-hour network blackout [...], triggering fury and frustration among customers and raising wider concerns about the telecommunications infrastructure." Now, according to the Australian Broadcasting Corporation, Optus CEO Kelly Bayer Rosmarin has resigned in the wake of the outage. From the report: She…
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The Wire
With regards to 500 OpenAI Workers Threaten To Stop Until Board Resigns
OpenAI was in open revolt on Monday with 490 employees threatening to leave unless the board resigns and reinstates Sam Altman as CEO, along with cofounder and former president Greg Brockman. Altman was controversially fired by the board on Friday. From a report: "The process through which you terminated Sam Altman and removed Greg Brockman from the board has jeopardized all of this work and undermined our mission and company"…
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The Wire
Cruise’s CEO Resigns
An anonymous reader shared this report from TechCrunch: Kyle Vogt, the serial entrepreneur who co-founded and led Cruise from a startup in a garage through its acquisition and ownership by General Motors, has resigned, according to an email sent to employees Sunday evening... The executive shakeup comes a less than a month after the California Department of Motor Vehicles suspended Cruise's permits to operate self-driving vehicles on public roads after…