According to Reuters, bank account records show that Silvergate Bank authorized Binance executive Guangying Chen to operate the Binance.US bank account during 2019 and 2020. According to Binance.US company sources, Binance.US employees had to ask Chen’s team to process payments and even pay employee salaries. Binance.US spokesman Christian Hertenstein said that since current CEO Brian Shroder took over in late 2021, no one other than Binance.US executives has been able to control or access Binance.US accounts. But Binance.US legal head Krishna Juvvadi told Reuters in April that employees of Binance.US operator BAM Trading have had "exclusive control" since its inception in 2019. Reuters said Christian Hertenstein did not explain why there was a difference in the timing given by the two.