Crypto exchange Binance hires former Deputy US Attorney to manage legal affairs

Binance on Wednesday named Joshua Eaton, a former Deputy U.S. Attorney in the Northern District of California, as the deputy general counsel of the world's largest cryptocurrency exchange.

Eaton will be responsible for Binance's legal affairs, leading the support for global compliance, investigations and law enforcement coordination activities, the company said in a statement.

Legal troubles have plagued Binance lately, which won a dismissal on a lawsuit over digital token sales in late March. Investors had sued the company for violating U.S. securities laws by selling unregistered tokens and failing to register as an exchange or broker-dealer.

Over his 20-year long career with the Department of Justice (DOJ) and the U.S. Army, Eaton was instrumental in developing standard-bearing ethics and compliance practices, Binance's General Counsel Hon Ng said.

(Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli)

Reuters