Binance CEO in Korea, vows to protect GOPAX users
CryptoNewsTerminal Staff01 Sep, 2024
Binance CEO in Korea, vows to protect GOPAX users
According to Digital Times, Binance CEO Richard Teng stated on the 2nd, "We will prioritize 'user protection' in the negotiations for acquiring a stake in domestic exchange GOPAX." He attended the Binance X Hashed Leadership and Compliance Roundtable held in Gangnam, Seoul, and said, "The exact figures are under discussion, but refunding funds to Gopay users is a top priority in the negotiations." Binance acquired GOPAX in November 2022 and is currently the largest shareholder with a 67.45% stake. However, due to the domestic financial authorities not accepting the report of the change in the largest shareholder, Binance is proceeding with the sale of its stake to Mega John, a domestic IT (information technology) company.
