- OKCoin dispute resurfaces as past contract claims and Zhao’s responses return to public attention.
- Binance sees senior compliance exits; more leadership changes under discussion.
- Internal review flags $126 million tied to Iran wallet accounts removed and reported.
Tensions within the crypto market resurfaced this week following renewed public allegations tied to past disputes at OKCoin and fresh scrutiny surrounding compliance developments at Binance. The changes combine historical claims concerning Changpeng Zhao with a separate report detailing recent staff departures from Binance’s compliance division, as the exchange continues to navigate regulatory oversight after its 2023 legal settlement in the United States.
Dispute Over Historical OKCoin Claims Resurfaces
A post by Star_OKX revived long-standing allegations connected to Zhao’s tenure at OKCoin. The post claims that evidence of contract falsification had been publicly available online for more than a decade, including a referenced video showing two versions of a contract labeled v7 and v8.
According to the timeline provided, the video displays chat records, contract files, and account activity tied to a former employee and an accountant. The claims focus on differences between the two contract versions, including a six-month termination clause allegedly present in one version.
Star_OKX stated that Zhao previously responded by suggesting he did not frequently use the messaging platform involved and that another employee may have accessed his account and fabricated the records. The posts also referenced additional disputes, including a contract dispute with Roger Ver and allegations regarding market conduct and cooperation during an investigation involving Justin Sun.
Binance Compliance Staff Departures Reported
Separately, a report outlined changes within Binance’s compliance and financial crime teams. Several senior personnel have exited the company in recent months, including individuals responsible for investigations and sanctions monitoring.
The report identified departures, including Peter Van Logtenstein, Inga Petrauskaitė, Erin Fracolli, and Jarek Jakubcek, all of whom held roles related to financial crime oversight. It also noted that Chief Compliance Officer Noah Perlman is in discussions with management regarding a potential future departure, though no timeline has been confirmed.
Ongoing Regulatory Attention and Transaction Review
The report further noted that Binance has faced scrutiny tied to potential sanctions exposure involving Iran. The company stated it was not aware of any active investigation but confirmed it is cooperating with regulators and law enforcement.
Binance said an internal review identified approximately $126 million in transactions that ultimately reached Iranian-linked wallets. According to the company, the accounts involved were removed and reported to authorities. It also reported handling more than 71,000 law enforcement requests over the past year.
Related: Binance Faces Compliance Shake-Up as Top Officer Considers Exit
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
