The Wall Street Journal featured a special report on Binance co-founder He Yi, which pointed out that the U.S. Department of Justice also hoped that He Yi would withdraw from the settlement negotiations at the earliest, but this statement has not yet been confirmed.
(Previous summary: Binance Richard Teng, He Yi: Compliance is a big plus! Has communicated with Taiwan regulators, Web3 wallet strengthened inscriptions.. AMA focuses on compilation)
(Background supplement: Revealing Binance’s lean management: How do 8,000 employees support a US$3 trillion trading empire?)
After the world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao (CZ) reached a historic settlement agreement with the U.S. Department of Justice on November 21, the actions of new CEO Richard Teng and co-founder He Yi All have attracted market attention.
Just yesterday (24th), the Wall Street Journal even titled “Queen of Cryptocurrency”special reportHe Yi.
WSJ Exposed: What did the DOJ want to see removed?
According to WSJ reports, because He Yi had the same views as CZ and also ignored the importance of complying with the rules set by regulatory agencies to combat financial crimes, the U.S. Department of Justice also hoped that He Yi would withdraw from the settlement negotiations at the earliest, but This statement has not yet been officially confirmed.
On the other hand, a month has passed since Changpeng Zhao (CZ) pleaded guilty to violating anti-money laundering laws in the United States. He Yi has not been affected by this turmoil. Instead, he has become a defender of the crypto giant Binance. As Binance’s main Deputy and CZ’s life partner, He Yi is guiding the exchange through these challenges.
People familiar with the matter pointed out that He Yi once again demonstrated his influence in the selection process of the new board of directors authorized by the US authorities. Most of the new board members are independent directors.
He Yi will become the leader of Binance
In CZ’s absence, He Yi is currently the company’s largest shareholder. Sources pointed out that He Yi owns at least 10% of the shares of Binance Cayman Islands Holdings and has absolute control over the marketing and investment departments. Therefore, He Yi will participate in most major decisions in the future, from recruiting new board member to lead market strategy, underscoring her central role in shaping the future direction of cryptocurrency giant Binance.
Currently, Binance is still the exchange with the largest trading volume in the world, processing billions of dollars every day. Previously, He Yi firmly stated on the X platform that Fud’s voice will not kill Binance, and posted exchange data on Defiliama. Proving that Binance is still the leading cryptocurrency exchange and growing steadily.
Alarmist rhetoric will not destroy Binance, it will only make more people support Binance.
Because this is an era of highly transparent information, you can do your own research if you want (#DYOR)!Technology changes the world
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2023-12-25 10:15:57
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