Brian Brooks, the former CEO of Binance.US who quit under suspicious circumstances last month as reported by TheCoinRise, has joined Bitfury, ‘the leading security and infrastructure provider for the Bitcoin Blockchain’ according to Wikipedia. As Brian Shroder took over Binance.US in lieu of a public listing, Brian Brooks joined Bitfury to oversee the firm’s rapid expansion.
According to the recent statement by Bitfury, the Bitcoin mining and crypto tech pioneer, the former United States Acting Comptroller of the Currency will be heading the firm, effective Oct. 29th, 2021. As the 10-year-old crypto unicorn seeks to expand on a global scale, announcing a new funding round, Brian Brooks’ appointment comes at a crucial moment.
Valery Vavilov, Founder of Bitfury, will become Chairman of the Board of Directors and Chief Vision Officer. Vavilov will continue with his goal of developing new hardware and software for the customers, becoming a leading firm in the space.
“With an eye toward the next phase in our evolution, we are thrilled to welcome Brian to the Company. Brian is a respected executive and thought leader with deep regulatory, digital asset, and capital markets expertise who shares Bitfury’s vision for a decentralized peer-to-peer economy,” said Vavilov.
Furthermore, Vavilov added,
“together, we will continue to execute Bitfury’s growth strategy and help businesses, governments, organizations, and individuals leverage the blockchain to solve the most pressing challenges of today and tomorrow.”
Brian Brooks to lead the firm into a new era
Brian Brooks’ expertise on Bitcoin and the entire asset class will prove to be quite beneficial for Bitfury. While the expansion and adoption of cryptocurrencies and blockchain-based products continue to surge, the new CEO will be responsible for establishing Bitfury’s firm presence with leading hardware and software products.
Bitfury, one of the leading providers of digital asset infrastructure, could benefit from Brian Brooks’ experience working in the crypto space.