Crypto hiring: Turmoil at Binance, Fortress Trust, Parity Technologies – Blockworks


Fireblocks also made a key pickup with a former NYDFS regulator
iJeab/Shutterstock modified by Blockworks
The Binance staff turnover saga took another turn this week with word that Jonathan Farnell, head of Binance UK and the CEO of Bitfinity, left the company in September.  
The departure news comes roughly a week after it emerged that Stéphanie Cabossioras, general manager of Binance France, also departed.
Farnell had served as director of Binance UK since June 2021 and resigned on Sept. 22, 2023. Prior to his more than two year tenure at the world’s largest exchange, he spent over five years at eToro as a director of compliance and as a board member.
Blockworks reported that Binance UK temporarily stopped accepting new customers over crypto ad bans. 
Another big crypto company, Ripple, is having an effect on Fortress Trust’s C-suite. 
Read more: Crypto hiring: Binance exit list gets longer as French general manager departs
Scott Purcell, the founder of Fortress, stepped down as CEO roughly around a month after Ripple abandoned its planned acquisition of the crypto custody firm. Purcell will remain a board member of the parent company. 
According to a LinkedIn post, Rich Hauschild will serve as the new CEO. Previously, Hauschild was the chief operating officer of crypto IRA provider iTrustCapital. 
Fortune also reported that Fortress laid off at least six employees.
Fireblocks, which offers institutional grade digital asset custody, hired Peter Marton, a former top regulator at the New York State Department of Financial Services (NYDFS). The NYDFS is the chief regulatory body for crypto in the state. 
Blockworks previously reported that Marton left his post as head of the virtual currency department at the agency in September. Now, he’s venturing back into the private sector and will serve as Fireblocks’ director of digital identity. 
Prior to joining the NYDFS in December 2021, Marton worked in digital asset strategy at IBM.
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