Binance CEO Changpeng Zhao Pushed to Shutter U.S. Exchange

Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange's U.S. offshoot earlier this year.
The decision to liquidate the company was put to a vote by the Binance.US board of directors, but it did not receive unanimous support.
Binance.US CEO Brian Shroder opposed the decision, expressing concerns about the potential negative impact on customers.
The attempted shutdown highlights the lengths Zhao was willing to go to protect the larger global exchange amid increasing regulatory scrutiny.
Binance.US had received a $4.5 billion valuation from investors last year.