- Two directors left Binance's VC department in last few weeks
- Hiring freeze accelerates in Web3
As noted by Chinese journalist and insider Colin Wu, Binance Labs is currently led by a Boston Consulting Group veteran.
Two directors left Binance's VC department in last few weeks
Mr. Wu has taken to Twitter to share the details of crucial resignation events at Binance Labs, a firm that coordinates Binance's VC efforts in crypto.
Bill Qian, the head of Binance Labs, posted today, June 4, 2022, that he will continue his career in Web3 as an investor. He joined Binance Labs in March 2020; therefore, all crucial investments the firm has made are associated with his leadership.
Also, Nicole Zhang, executive director of Binance Labs, quit in May 2022, according to her LinkedIn page. Ms. Zhang had also started working there in March 2020.
After the resignation of two key figureheads, Binance Labs is temporarily led by Ken Li, Harvard graduate and BCG alumni.
Hiring freeze accelerates in Web3
Amid a severe correction of the cryptocurrency market, many industry heavyweights are cutting their hiring campaigns. As covered previously, leading U.S.-based CEX Coinbase is even rescinding job offers for those employees who have not started working.