BUSD

According to the recent <a href="https://www.reuters.com/technology/crypto-giant-binance-controlled-independent-us-affiliates-bank-accounts-2023-06-05/" rel="noopener noreferrer nofollow">revelations</a>, Guangying Chen, a senior executive at the leading crypto exchange Binance, has been recognized as the key operator of the five accounts belonging the crypto giant’s US branch, Binance US. According to the bank records, Chen, a close acquaintance of Binance CEO Changpeng Zhao was given control of the accounts in 2019 and 2020.As per the reports, the Silvergate Bank authorized Chen as the major operator of the accounts, permitting her to move funds held by the accounts. The employees of the Binance US were required to seek help from Chen and her team to proceed any payments.However, Binance US asserted that the platform hasn’t operated its bank accounts. Despite Binance’s reluctance to comment further over the issue, the findings suggested that Binance had a complete control of its US affiliated branch. Also, the reports stated that the company’s management of the US finances extended across its accounts at Silvergate Bank.Read full article at<a href="https://cryptotale.org/binance-and-binance-us-work-independently-binance-claims-report-contradicts/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Binance and Binance US Work Independently: Binance Claims, Report Contradicts

CryptoTale

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