Binance’s user base grew 30% this year and continued to expand even after Zhao left the CEO role.

Teng, who replaced Changpeng Zhao last November, said in Binance’s year-end report that following Zhao’s guilty plea, “net inflows were very strong and we had a steady influx of new users.” Binance also agreed to pay $4.3 billion. It is a violation of U.S. banking laws.