MANAGED BY CEO ZHAO
Binance moved large sums of money over the first three months of 2021 from Binance.US to Merit Peak, a trading firm managed by Binance CEO Changpeng Zhao. Over $400 million was transferred from the Binance.US account to Merit Peak. The reason for the transfer and whether any of the money belonged to Binance.US customers is unknown. A Binance spokesperson commented that the information was outdated.