Digital asset risk management often stops at blockchain forensics, which is insufficient for multi-asset class financial service providers. Inca Digital risk management tools can identify exposure to particular companies and exchanges.
In light of the recent lawsuits against Binance, Inca Digital is releasing data on a comprehensive network of relationships that provides a visual representation of the connections between various companies and individuals associated with Binance, Binance.US, and other subsidiary and affiliated companies. We hope this network enables a better understanding of Binance’s organizational structure and ultimately leads to more transparency in the operations of crypto exchanges globally.
Inca Digital is a neutral data and analytics provider in crypto - we help exchanges and government agencies alike. We go where the data goes. Here is a summary of what our data shows:
Changpeng Zhao often uses his personal name and personal accounts in Binance company operations.
As just one example: Changpeng Zhao was the owner of a Signature Bank account for Key Vision Limited, an offshore beneficiary company used to hold Binance assets.
Changpeng Zhao is listed as a director, key executive, key principal, person with significant control, president, owner, shareholder, and more in 50+ companies.
Data shows several companies, both active and inactive, that have connections to both Changpeng Zhao and Binance.US. Notably, until recently, CZ was listed as a Director of BAM TRADING SERVICES INC., an affiliate of Binance responsible for operating the cryptocurrency trading platform Binance US.
