Crypto exchange Binance.US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm amid harsh scrutiny from United States federal regulators over the past year.
The crypto executive — Binance.US’ majority owner — has reportedly been trying to reduce his stake in the U.S.-based exchange since last summer, according to a May 11 report by The Information that cited people familiar with the matter.