Zhao Changpeng has stepped down as CEO of Binance, and Richard Teng has taken over

2023-11-22 08:11:21

Collection

ChainCatcher news, Zhao Changpeng stated on social media that he has stepped down as CEO of Binance. "I made mistakes, and I must take responsibility." Richard Teng, the former Global Regional Market Director of Binance, will take over as CEO. Zhao Changpeng mentioned that he will engage in some passive investments, becoming a minority token/shareholder in startups in the fields of blockchain/Web3/DeFi, AI, and biotechnology.

At the same time, Zhao Changpeng also pointed out that U.S. institutions, in their resolution with Binance, did not accuse Binance of misappropriating any user funds or participating in any market manipulation; user funds are safe.

(Source Link)

Related tags

Zhao Changpeng Binance Richard Teng

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

Column