Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20: Reuters

A Binance enforcement was the main controller of 5 slope accounts belonging to the crypto exchange's supposedly autarkic U.S. unit, Reuters reported connected Monday, citing slope records.

Guangying Chen was authorized by the present bankrupt crypto lender Silvergate Bank to run the accounts betwixt 2019 and 2020, Reuters said. Binance.US had to inquire Chen and her squad to process payments, including the firm's payroll, according to the report, which besides cited institution messages.

Binance.US has ever claimed to beryllium autarkic from Binance.

Christian Hertenstein, a spokesperson for Binance.US, told Reuters that since Brian Schroder became CEO of the institution successful precocious 2021, "no 1 different than Binance.US officials person had power oregon access" to its accounts.

Zhao acts arsenic Binance.US's seat and is its bulk shareholder. The steadfast has been exploring ways to reduce his stake successful bid to heighten the exchange's estimation among U.S regulatory authorities.

Neither Binance nor Binance.US responded to CoinDesk's petition for further comment.