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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