Who is Richard Dun? The real reason why CZ left Binance

Former Binance CEO CZ published a long post on the X platform today, announcing the appointment of a new leader who will take over Binance’s global operations.

It’s definitely not the easiest decision CZ has made, as he noted in the post, “It’s not easy to let go emotionally, but Binance is no longer a baby.”

CZ introduced Binance’s new CEO Richard Teng, who previously served as Global Head of Regional Markets and is a highly qualified leader with over 30 years of experience in financial services and regulatory expertise.

CZ noted in the post that he is confident in the team leading the crypto industry into the next phase of growth.

He also expressed his willingness to mentor new entrepreneurs on what to do and what not to do when building and growing a startup.

He also refuted some claims published by popular cryptocurrency news and information sources, reminding users of the Binance platform that their investments are SAFU (Safe Funds).

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