Catherine Coley is the ghost of testimonies past.
Exhibit 86 in the June 6 case have page numbers that range from 135 to 336. Those passages mainly concern the separation of Binance and Binance.US, which was the subject of major allegations in the SEC suit.Coley was the Binance.US CEO from its founding in 2019 until her resignation in 2021. As recounted in the SEC suit, Binance CEO Changpeng Zhao, also known as"CZ," was involved in Coley’s hiring, but she quickly became frustrated with Binance.US’ lack of independence.
“I wanted full independence of everything, but that wouldn't necessarily be possible or be possible at that time, given our reliance on some of those components [in four service-level agreements with Binance.com].” The service-level agreements between Binance and Binance.US were a Master Services Agreement, a Wallet Custody Agreement, a Software License Agreement and a Trademark Agreement.
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