Mike Alfred says Binance has no single person serving as a Chief Financial Officer (CFO)

According to Mike Alfred, an investor and Bitcoin advocate, Binance, a crypto trading platform, has no single person serving as its Chief Financial Officer (CFO).

Instead, Alfred claims that Binance has a “decentralized CFO” consisting of a group of over 20 employees in the company’s Treasury, as the CEO, Changpeng Zhao, allegedly does not want a centralized CFO.

Just got off the phone with a fund manager closely connected to one of the earliest investors in Binance. He said a few interesting things:

1. He confirmed that Binance has no CFO. CZ doesn't want a single centralized CFO. Binance has 20+ employees in its Treasury and they…
— Mike Alfred (@mikealfred) December 22, 2022

Alfred also alleges that Binance is in talks with potential investors, including Warren Buffett’s Berkshire Hathaway, about an equity round that would provide support and credibility to the company.

It should be noted that these claims have not been confirmed.