In the early hours of November 22, the community was rocked by allegations of Binance and its founder, CZ,
He was accused of breaching anti-money laundering laws.
Shortly after, CZ announced his resignation, appointing Richard Teng as the new CEO.
According to reports from AZCoin News, Binance chose Richard Teng, the head of its international division, as the new CEO. CZ revealed Teng’s extensive 30-year experience in the financial services sector, expressing confidence that Teng would ensure compliance with security regulations and transparency for users.
Teng, in turn, committed to meeting user expectations and stakeholders’ needs, aiming to lead Binance towards its core mission of financial freedom.
In a tweet, he expressed humility at assuming the role of CEO and pledged to uphold the company’s values.
