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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