Odaily Planet Daily News Two people familiar with the matter revealed that CZ tried to shut down Binance.US earlier this year in order to protect the overall interests of Binance.
The board of Binance.US, of which CZ is chairman, voted on whether to liquidate the company, but failed to win a unanimous vote, one of the people said.
Binance.US CEO Brian Shroder was the only one who opposed the decision, as he feared that the sudden shutdown of the exchange could cause damage to customers by forcing them to quickly transfer or liquidate cryptocurrencies. (The Information)