- Binance is under a lot of scrutiny for its ties to Binance.US.
- A new investigation has shown Binance was in charge of some of the bank accounts in the U.S.
- This could be a hammer blow to the exchange’s efforts to avoid U.S. prosecution.
The association between Binance and its proclaimed independent branch, Binance.US, has been murky, with several U.S. regulatory bodies eager to bring both to justice.
In an exclusive report, Reuters has uncovered how a senior Binance executive was in charge of five bank accounts belonging to the global crypto exchange’s purportedly independent U.S. affiliate.
Tight Controls or Independent Operations?
According to records from those years, Reuters uncovered info from the now-defunct U.S. bank Slivergate, which showed that Guangying Chen, a close associate of CEO Changpeng Zhao, was authorized to operate the accounts in 2019 and 2020.
It is stated that employees…
