Catherine Coley, the first long-hidden CEO of Binance.US, resurfaces in the SEC’s Binance filing
The former US subsidiary of Binance, the world’s largest cryptocurrency exchange, Binance.US. CEO and Catherine Coley, after a long time US Securities and Exchange Commission (SEC) reappeared in the case. Coley’s last year to the SEC his statement, June 5th It was used as evidence in the Binance lawsuit dated
Operations lacked transparency
Old Ripple (XRP) with manager and 2019-2021 The CEO, who worked at Binance US between insider trading In his testimony in his trial, he stated that, at many points, the operations important extent far from transparency and Binance.US at some points with Binance connected information was found.
coley, Data transfer from Binance to Binance.US phase of work from the hard parts Binance CEO Changpeng Zhao (CZ) how, why and what they do any need for not giving information drew attention.
Finding staff was a big challenge
Also, the platform codes of Chinese Coley, who said that it was written western personnel to work on the project about finding difficulty he said he did.
Binance And Binance.US between dependence The former CEO, who also touched on the issue in his statement, said that the relationship between the two companies master service agreement, wallet custody agreement, software license agreement And trademark agreement considering the independence that it is not possible or won’t be He stated that he understood.
Clearly between the agreements between the two companies Coley’s most uncomfortable of the agreement wallet custody agreement appeared to be. Coley data real-time viewing And to interact He expressed his wish in his statement in 2022.
The next CEO also testified
On the other hand, Coley’s replacement and 4 months A former banking regulator holding the position of CEO Brian Brooks He also testified to the SEC. Brooks to CZ of Binance.US affiliated mutual funds provided by rely on liquidity and that CZ gave to the company at launch 10 million dollar your first investment a real causing a problem told. According to Brooks, this issue is only one of Binance.US’s claims to CZ. executive not as economic also in the sense dependant it was showing.
Brooks, towards the end of his term 80 days of the changes he was working on during suddenly rejected and at a certain point the CEO of Binance.US not himself CZ is you understand stated.