Ownership record
Who owns Binance?
Binance is still majority-owned by founder Changpeng Zhao, even though he stepped down as chief executive in November 2023 and pleaded guilty as part of a record $4.3bn US settlement over anti-money-laundering failures.
The short answer
- OwnerChangpeng Zhao
- Owner isthe founder, who remains the majority shareholder
- Owned since2023
- Previous ownernot applicable — founded in 2017
- Reported consideration4,300,000,000 US dollars
- Assetthe largest cryptocurrency exchange by trading volume
How the deal was structured
Under the settlement Zhao is barred from managing the exchange, while retaining his equity. Richard Teng took over as chief executive and the exchange operates under a US monitorship.
On the money trail board this sits as a 2023 movement of $4.30B between Dubai and Washington DC, sourced to Wikipedia. Open the full ledger entry.
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