Binance.US posted on Twitter that Binance.US was established for the express purpose of serving American customers in accordance with U.S. rules and regulations and therefore operates independently from Binance.com. Binance.US is not a party to the settlement announced last week and does not have any outstanding enforcement issues with the DOJ, FinCEN, OFAC or CFTC. The platform will continue to be fully operational and committed to providing the same products and services to customers.

With Changpeng Zhao leaving Binance, he has decided to resign as Chairman of the Binance.US Board of Directors and transfer his voting rights through a proxy agreement, so his interest in the company is purely financial and he will no longer participate in our governance. Binance.US will continue to be led by Norman Reed and the existing management team. We are well-funded to continue building and growing our platform while continuing to deliver on our customer-first commitment.