The problem does not lie in where Biance is based, because a long time ago the matter was raised and we did not get a clear answer, or at least the average person does not specify their headquarters, as is possible with many companies, but the most important question is the management structure..
Almost, if you ask any one about who are the managers of Biance or who owns the company, the answer will be CZ, other than that we do not have any information, and it is likely that if a problem occurs, we will find many fake intermediaries companies with Biance.
I think CZ has all reasons after those spectacular collapses of FTX and others to fix any hidden problems if there are any at Binance. Assuming he made some leveraged insane bets and has not sufficiently backed his stable currency, he would now have enough time to get those issues solved. I don't think he wants to end the way Sam Bankman-Fried ends or will end. Who knows whether he will go to jail, perhaps not. But he is done in the industry and his name is full of dirt. I can be wrong, but I just don't believe that CZ would like to be pigeonholed along with SBF.