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Seychelles , Thursday 16 April 2026

Binance CEO's trading firm received $11 billion via client deposit company, SEC says

Published on: Wednesday 07 June 2023

Binance CEO's trading firm received $11 billion via client deposit company, SEC says Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S. Securities and Exchange Commission filing shows.


News source: https://www.reuters.com/legal/binance-ceos-trading-firm-received-11-bln-via-client-deposit-company-sec-says-2023-06-07/

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