TechFlow news, according to a report by The Wall Street Journal last month, in Zhao Changpeng's absence, He Yi is the largest shareholder within Binance and has broad control over its marketing and investment divisions. People familiar with the exchange's financial situation said she holds at least 10% of shares in Binance's Cayman Islands holding company.
According to individuals familiar with the negotiations, early settlement discussions included U.S. Department of Justice demands for He Yi to depart alongside CZ, but this was ultimately not achieved. A Binance spokesperson declined to comment on He Yi's role in the case. The company has acknowledged past mistakes and implemented improvements, which He Yi has supported.
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