The world's largest crypto exchange, Binance, is accused of secretly maintaining ties to China years after its official departure. CEO Changpeng Zhao and executives allegedly directed staff to conceal Chinese operations, including an office operational until 2019 and a bank used to pay employees.
Binance denies the allegations, stating the founding team left China before incorporation due to crypto crackdowns. However, internal documents suggest China remained a crucial part of Binance's operations post-2017.
