Bitfury Hires Former Binance US Chief Brian Brooks as CEO: Report

Bitfury Hires Former Binance US Chief Brian Brooks as CEO: Report

Bitcoin mining company Bitfury has hired former Binance US chief Brian Brooks as its new CEO, the Financial Times reported on Thursday.

  • Brooks is replacing Valery Vavilov, who will stay on as Bitfury’s “chief vision officer,” the report said.
  • Bitfury did not immediately respond to CoinDesk’s request to confirm the appointment.
  • The appointment comes weeks after news emerged that Bitfury was planning to go public in the next 12 months in what would be Europe’s biggest cryptocurrency valuation.
  • The Amsterdam-based firm is thought to be valued at $1 billion.
  • After just four months with Binance US, Brooks resigned in August citing “differences over strategic direction,” between him and his colleagues.
  • His appointment had been seen as a sign that the infamously opaque Binance was seeking an image of greater transparency through hiring well-regarded regulators to senior roles.
  • Brooks had previously served as the acting controller of the Office of the Comptroller of the Currency (OCC), the regulator for U.S. national banks, between May 2020 and January 2021.

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