According to The Block, Binance’s current CEO Richard Teng said at the Korea Blockchain Week held in Seoul, South Korea earlier this month: “Compared to when CZ was CEO, Binance’s company structure is completely different now. It is a board-led structure. Of course, CZ retains his shareholder rights as a shareholder, but in my daily work, I will work closely with the board of directors to develop our global strategy.”

Binance's current regional head Vishal Sacheendran said in a previous interview with The Block: "CZ will not be involved in any decision-making of Binance."

Despite this, CZ remains Binance’s largest shareholder, owning around 90% of the shares.