![]() ![]() and its Chief Executive Officer Changpeng Zhao of mishandling customer funds, misleading investors and regulators, and. Ben McShaneSportsfile for Web Summit/Getty Images. In June, Bloomberg published a lengthy profile of Richard Teng, a fast-rising Binance executive with experience, describing him as the “heir apparent” to Zhao as the company mulled succession options.īut so far, Zhao, a nomadic technology genius fluent in both Western and Asian culture, has given no indication he’s prepared to step aside. The US Securities and Exchange Commission accused Binance Holdings Ltd. Focusing on hypothesizing the influence of Christian beliefs and atheism (i.e., the absence of belief in any deities), this research aims to fill the gap by. Changpeng Zhao, Co-Founder & CEO, Binance, at Media Village during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. ![]() and UK Binance founder Changpeng Zhao marks the exchange's fifth birthday in Paris. customers were secretly allowed to trade on Binance platforms after the company said otherwise, and that controls allowed customers’ funds to commingle. investigations-along with others in Europe, Australia, and elsewhere-have given rise to rumors that Zhao might step aside as part of an effort to help Binance weather the regulatory storm. A REUTERS SPECIAL REPORT How Binance CEO and aides plotted to dodge regulators in U.S. SEC charges Binance, CEO Zhao with 13 violations. regulators as well as alleged money laundering and sanctions violations on the company’s platform.īinance is already the subject of serious regulatory lawsuits filed by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and rumors have swirled that a criminal complaint by the Justice Department against both the company and Zhao are imminent. During the call, Zhou presented the proposal to the CEO. Several outlets have reported that the investigation, underway for more than a year, relates to Binance’s alleged attempts to bamboozle U.S. Binance CEO Zhao’s personal assistant arranged a video call with Harry Zhou and the group of Binance executives in early November 2018. According to a person at Binance familiar with the situation, the executives chose to depart over Zhao’s response to an ongoing investigation by the Department of Justice.
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