The new chief executive of Binance has refused to disclose the location of the cryptocurrency exchange’s global headquarters, maintaining a stance taken by his predecessor before the company pleaded guilty to US criminal charges.

Richard Teng replaced Changpeng Zhao as CEO of Binance last month, after Binance entered guilty pleas to charges related to money laundering and international sanctions violations. Zhao resigned after pleading guilty to a charge relating to failure to protect against money laundering.

Zhao long insisted that Binance had no global headquarters. Teng on Tuesday declined to reveal where the exchange was based. He also said Binance has undergone audits in jurisdictions where it is regulated, but declined to name the audit firms involved.