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Richard Teng Succeeds Zhao as Binance Crypto Exchange’s CEO (1)

Binance’s <-bsp-person state="{"_id":"0000018b-f3c2-de26-a7ef-fff61cae0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Richard Teng-bsp-person> succeeded <-bsp-person state="{"_id":"0000018b-f3c2-de26-a7ef-fff61cae0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Changpeng Zhao-bsp-person> as the chief executive officer of the world’s largest crypto exchange after Zhao agreed to step down as part of a sweeping deal to resolve a US criminal investigation.

Teng assumes responsibility for navigating the company as the years-long <-bsp-bb-link state="{"bbHref":"bbg://securities/4131761Z%20US%20Equity","_id":"0000018b-f3c2-de26-a7ef-fff61caf0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Justice Department-bsp-bb-link> investigation ends. He said in a post on X that he’ll focus on reassuring Binance’s 150 million users about its “strength, security and safety” and collaborate with regulators “to uphold high standards globally.”

Read more: <-bsp-bb-link state="{"bbDocId":"S4HL2MDWLU68","_id":"0000018b-f3c2-de26-a7ef-fff61cb00000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance CEO Pleads Guilty, Agrees to Pay $50 Million Fine-bsp-bb-link>

Teng, a civil servant-turned-crypto executive, had become the …

Read More: Richard Teng Succeeds Zhao as Binance Crypto Exchange’s CEO (1)

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