Binance adds 3 independent members to its board

One of the new independent board members will serve as chairman of the board, according to Binance’s website

article-image

HFA_Illustrations/Shutterstock modified by Blockworks

share

Binance quietly updated its site with three new board members on Monday.

The board, which is mostly comprised of senior Binance executives, added Gabriel Abed, Xin Wang and Arnaud Ventura to the board as independent members, according to the official website. 

Abed also serves as the chairman of the board. He founded Bitt and previously served as the Ambassador of Barbados to the United Arab Emirates, according to a bio on the Binance website. 

Wang is the CEO of publicly-listed Bayview Acquisition Corporation, which is a special purpose acquisition company (SPAC). She’s also a lawyer with licenses to work in California, England and Wales. 

Read more: Binance fallout ‘opportunity to start a new chapter for this industry’: Coinbase CEO

Ventura is a partner at Gojo & Company, an investment holding company in Tokyo. He’s also the chairman of the board of Binance France, which is a registered VASP

The three join CEO Richard Teng, Roger Wang, Hyena Chen and Rock He on the board. Binance also has a global advisory board with members from countries like Germany, Brazil and the US. 

Bloomberg first reported the news. 

The move comes as Binance faces potential penalties and legal action from Nigeria. The company, in late February, faced an investigation from the country after the central bank governor said that $26 billion passed through Binance Nigeria. Since then, Binance ended support for the Naira and is working with the government after it detained two executives.

Late last year, Binance settled with the US Department of Justice for over $4 billion. As part of the settlement, co-founder Changpeng Zhao stepped down and pleaded guilty to charges. He’s set to be sentenced at the end of this month. 

As part of the settlement, Binance has to enact a compliance program after the DOJ accused the firm of operating without a proper program in the past.

Additionally, Teng and the company’s chief compliance officer have to sign off on Binance meeting compliance and disclosure requirements.  


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

21Shares files for active crypto ETF, leveraged funds to “deliver strategies that adapt in real time to a rapidly evolving market”

article-image

Supporters call the proposal a credit line to scale crvUSD, but critics warn it could set a dangerous precedent

article-image

New PeerDAS design raises throughput ahead of Fusaka upgrade

article-image

Crypto finds fundamentals, Chanos books profits and prediction markets make trouble

article-image

The token has crashed over 65% and been marked as dangerous due to its contract’s permissions