- Yi He, Binance co-founder, has gained significant influence at the company as CZ remains unable to leave the US due to legal issues. Yi He holds at least a 10% stake in Binance and has taken on major responsibility over marketing and investments.
- With CZ barred from traveling abroad, Yi He has proposed ambitious new Binance projects like a Netflix-style movie studio and a metaverse reality show. She also pushed a controversial plan to sell digital IDs to Chinese users.
- CZ is still unable to leave the US after a judge denied his request in December 2022. He awaits sentencing after striking a plea deal over Binance regulatory violations. His absence has allowed Yi He to lead bold new initiatives at the company.
Yi He has steadily gained influence at Binance as co-founder Changpeng Zhao remains unable to leave the US. A former talk show host, Yi He has advocated for controversial projects and emerged as the company’s largest shareholder.
Yi He’s Growing Power at Binance
Yi He held at least a 10% stake in Binance’s Cayman Islands holding company, according to a WSJ report. She has taken on significant responsibility over marketing and investments at Binance.
In CZ’s absence, Yi He proposed ambitious new projects for Binance, like a Netflix-style movie studio. She also championed a metaverse reality show called Build the Block. Throughout 2022, she pushed for a controversial plan to sell digital IDs to help Chinese users bypass restrictions.
CZ Still Unable to Leave United States
Meanwhile, CZ remains barred from leaving the US by a federal judge. He was denied permission to travel abroad in late December 2022, with his legal team citing undisclosed medical reasons.
CZ is awaiting sentencing after striking a plea deal related to Binance regulatory violations. With Binance’s founder detained indefinitely in the US, Yi He has stepped in to lead the company’s bold new initiatives.
