According to corporate documents from 2019, there is a tie between Binance founder and CEO Changpeng Zhao to Sigma Chain and Merit Peak. Former executives said that Zhao controlled both entities as of late 2021.
The Journal said a spokesman for Binance.US, Zachary Tindall, declined to comment on the SEC investigation and any relationship with the two trading companies. “Binance.US is committed to upholding the highest standards of compliance,” he was quoted as saying.
The report said Binance spokesman Stephen Milton said Binance as a private company doesn’t need to disclose details of its investor or corporate structure but that information is shared with regulators when requested. Milton told the newspaper Zhao wasn’t available for comment.
The Journal has previously reported that Zhao is the majority owner of Binance and Binance.US.
