WSJ: He Yi holds at least 10% of the shares in Binance's Cayman Islands holding company

ChainCatcher news, The Wall Street Journal reported last month that in the absence of Zhao Changpeng, He Yi has become the largest shareholder in Binance, holding extensive control over its marketing and investment departments. According to individuals familiar with the board recruitment process, He Yi exercised her influence during the election of Binance's new independent majority board. Sources familiar with the exchange's financial situation indicated that she holds at least 10% of the shares in Binance's Cayman Islands holding company.

According to individuals familiar with the negotiations, during early settlement discussions, the Department of Justice had hoped for He Yi to leave as well, but it is unclear why this ultimately did not happen.