🚀Binance, the crypto kingpin, is reportedly negotiating the sale of its majority stake in South Korean exchange Gopax. Looks like the 72.6% stake might shrink to a mere 10%. 📉 Why, you ask? Well, it seems Binance is aiming to appease local financial authorities with a governance structure makeover.

The plot thickens as this comes just before Gopax is due to renew its real-name account contract with Jeonbuk Bank. 🏦 Remember, Gopax took a hit after the collapse of FTX crypto exchange and halted withdrawals in its DeFi service.

💥The takeaway? Binance's decision highlights the tricky regulatory landscape and the challenges of staying afloat in the scrutinized crypto market. What's your take on this? Let's chat in the comments! #DeFi #Web3 #CryptoNews

P.S. Gopax's total debt stands at a whopping $86 million. Talk about a financial rollercoaster! 🎢