A Secretive Executive Heina Chen Controls Binance Treasury

A Secretive Executive Heina Chen Controls Binance Treasury

Fobes published a article titled: "Meet Heina Chen, The Secretive Executive Holding The Purse String At Binance".

Accoridng to Forbes, Chen seemingly has no official title at Binance or visible public presence, though Binance documents obtained by the SEC describe her job as “finance director.” The company hadn’t publicly acknowledged Chen’s existence at all before posting a blog by Zhao last September that downplayed her role as overseeing “admin and clearing.” However, a investigation found that Chen has controlled more bank accounts and served as a director at more Binance entities than any other executive besides CEO Zhao.

She is currently a director of 8 key Binance companies and was a signatory for dozens of bank accounts belonging to 27 entities registered in 13 countries, overseeing the company’s treasury and a spiderweb of companies that has processed $148 billion in deposits and withdrawals since 2019, according to the SEC. The bank accounts, held at Signature Bank and Silvergate Bank—both of which collapsed in March—were all closed or had balances of zero by May this year.

One sources added. “She was the one needed when it came to fund transfers or fund confirmation letters, whatever—because she is the authorized person for all bank accounts."

“She was the real CFO,” the source said.

According to Chen LinkedIn, she earned an undergraduate degree in accounting from the Shanghai University of Finance and Economics and an MBA from the National University of Singapore.

 

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Source

Binance

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