Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Reuters

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High Factuality

Private Equity: The Woodbridge Company

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.

CNBC

Center

Mixed Factuality

Wealthy Private Owner: Roberts Family

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

South China Morning Post

Center

Mixed Factuality

Other: Alibaba Group

Binance moved US$400 million from US to firm managed by CEO Changpeng Zhao

The transfer came from a Binance.US account over the first three months of 2021, raising questions about its relationship with the global exchange from which it is supposed to be independent.

National Post

Lean Right

High Factuality

Wealthy Private Owner: Leon Cooperman

Other: Allianz

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of…

OAN

Right

Mixed Factuality

Independent: Herring Networks

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

By Angus Berwick and Tom Wilson (Reuters) - Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account