A Strategic Move Reflections and a New Leadership Era
Stepping Down: Emotional Yet Necessary Today marks my departure as the CEO of Binance, a decision not taken lightly. Emotionally challenging, yet imperative for the community, Binance, and personal growth. Acknowledging mistakes and embracing responsibility is the foundation for a new chapter.
Binance's Evolution: A Maturing Entity** Binance has outgrown its infancy. It's time to let it flourish independently. Announcing @_RichardTeng, former Global Head of Regional Markets, as the new CE0, a leader with a wealth of financial services and regulatory experience.
Richard Teng: A Visionary Leader Takes Charge Introducing Richard Teng, the new CEO, with over three decades of experience in pivotal roles, including CEO of the Financial Services Regula. Authority at Abu Dhabi Global Market and Chief Regulatory Officer of the Singapore Exchange.
Next Phase: Emphasis on Security, Transparency, and Growth
Under Richard's leadership, Binance will prioritize security, transparency, compliance, and continued growth. The company is poised for the next phase of its journey.
Continued Support and Involvement As a shareholder and former CEO, I commit to remaining available for consultation, aligning with U.S. agency resolutions. My focus shifts to a well deserved break, followed by strategic investments and potential coaching or mentoring roles.
Resolution with U.S. Agencies: Clearing Misconceptions
Highlighting that Binance's resolutions with U.S. agencies do not allege misappropriation of user funds or market manipulation. User funds are secured.
Congratulations Richard: A Well-Deserved Promotion
Join me in congratulating Richard on his elevation to CEO. The future looks promising, and I eagerly anticipate witnessing the continued success under new leadership.