- It is a certain businessman Guanyin Chen
- Officially he has no position at the company
- But the U.S. considers him the “real CFO” of Binance
Forbes has released a new investigation into the SEC case against Binance. They pointed out that the SEC’s court filings include the identity of a certain businessman named Guangyin Chen. U.S. authorities believe he is the real financial director of the crypto exchange, although he is not listed in any official position.
Who is Mr.Chen?
The name Guangyin Chen came up in 2015, when Changpeng Zhao started a cryptocurrency exchange website in China called Bijie Tech. CZ then designated Chen as the company’s legal representative. This is due to restrictive laws in China – foreigners are not allowed to do business here, and Zhao is a Canadian citizen.
But in March 2017, the Chinese government shut down all crypto exchanges. And Zhao himself phased out Bijie Tech and launched the international platform Binance.
Media and politicians often use this theme. They call Chen a confidant of Zhao and a “secret representative of Chinese intelligence.”
A new Forbes article wrote that Chen’s name is listed in the bank accounts that Binance used to register a legal entity in the United States in 2019. In addition, the journalists allegedly talked to former employees of the cryptocurrency exchange. They confirmed in confidence that Chen is in charge of all of Binance’s capital.
Changpeng Zhao himself regularly urges against trusting rumors and FUD regarding the crypto exchange.