Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 4 (Reuters) - Binance's global head of product and design, Mayur Kamat, has resigned amid a string of executive exits and job cuts at the cryptocurrency exchange, The Block reported on Monday citing a source. Kamat's exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng. Binance did not immediately respond to a Reuters request for comment on the report. The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, with regulators aggressively clamping down on what they deem are illegal activities.

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Persons: Dado Ruvic, Mayur Kamat, Patrick Hillmann, Hon Ng, Binance, Changpeng Zhao, Akanksha, Eileen Soreng Organizations: REUTERS, Securities, Exchange Commission, SEC, Thomson Locations: United States, Bengaluru