{"id":529296,"date":"2022-12-19T22:30:26","date_gmt":"2022-12-19T19:30:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/boris-johnsons-brother-steps-down-as-binance-adviser-amid-concerns-over-the-exchange-report\/"},"modified":"2022-12-19T22:30:26","modified_gmt":"2022-12-19T19:30:26","slug":"boris-johnsons-brother-steps-down-as-binance-adviser-amid-concerns-over-the-exchange-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/boris-johnsons-brother-steps-down-as-binance-adviser-amid-concerns-over-the-exchange-report\/","title":{"rendered":"# Boris Johnson\u2019s brother steps down as Binance adviser amid concerns over the exchange: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b09557e69a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b09557e69a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/boris-johnsons-brother-steps-down-as-binance-adviser-amid-concerns-over-the-exchange-report\/#%E2%80%9D_Boris_Johnsons_brother_steps_down_as_Binance_adviser_amid_concerns_over_the_exchange_Report_%E2%80%9C\" >&#8221; Boris Johnson\u2019s brother steps down as Binance adviser amid concerns over the exchange: Report  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Boris_Johnsons_brother_steps_down_as_Binance_adviser_amid_concerns_over_the_exchange_Report_%E2%80%9C\"><\/span>&#8221; Boris Johnson\u2019s brother steps down as Binance adviser amid concerns over the exchange: Report  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvMTUzNTM1MGMtMDUwNy00YTEzLWE1NmEtZjE0OGEyYmIyMjYzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.\u2019s Telegraph.\u00a0<\/p>\n<p>According to the report, Jo Johnson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2022\/12\/19\/boris-johnsons-brother-quits-adviser-binance-amid-crypto-meltdown\/\">had been<\/a> advising Binance during the exchange&#8217;s efforts to expand into the United Kingdom.\u00a0The former British prime minister\u2019s brother, also known as Lord Johnson of Marylebone, reportedly took up a role on the U.K. advisory board of one of Binance&#8217;s subsidiaries, Bitfinity, in September.\u00a0<\/p>\n<p>The Telegraph reports that he resigned last week after Binance&#8217;s proof of reserves raised red flags for some accounting and financial specialists amid a backdrop of negative sentiment impacting the exchange, which triggered a bank run\u00a0shortly thereafter.\u00a0<\/p>\n<p>In a statement issued on Monday, Lord Johnson shared: \u201c I stepped down from the advisory board last week and have no role with it [or] any related entity.\u201d<\/p>\n<p>Bitfinity, the company Lord Johnson was reportedly advising, was created by Binance in March 2022 and is \u201cpart of the Binance group,\u201d as described in a filing with U.S. regulators in April. The company converts traditional currencies like the pound and the dollar into digital currency.\u00a0<\/p>\n<p><em><strong>Related:\u00a0<\/strong><strong>CryptoQuant verifies Binance&#8217;s reserves, reports no \u2018FTX-like\u2019 behavior<\/strong><\/em><\/p>\n<p>On Dec. 16, Cointelegraph reported that Binance\u2019s proof-of-reserves had been removed from the Mazars Group\u2019s site. Mazars, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed as an official auditor for Binance\u2019s proof-of-reserve updates, has entirely discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits.\u00a0<\/p>\n<p>According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. The deal is set to close by April 18, 2023. Binance has agreed to make a $10-million deposit in good faith and will reimburse Voyager for certain expenses up to a maximum of $15 million.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/boris-johnson-s-brother-steps-down-as-binance-adviser-amid-concerns-over-the-exchange-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Boris Johnson\u2019s brother steps down as Binance adviser amid concerns over the exchange: Report &#8220; Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.\u2019s Telegraph.\u00a0 According to the report, Jo Johnson had&#8230;<\/p>\n","protected":false},"author":1,"featured_media":529297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/1535350c-0507-4a13-a56a-f148a2bb2263.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74860,74889,117,73711,4965],"class_list":["post-529296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-payments","tag-business","tag-investments","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/529296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=529296"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/529296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/529297"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=529296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=529296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=529296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}