According to The Block, Richard Teng, the current CEO of Binance, said at the Korea Blockchain Week held in Seoul, South Korea earlier this month: "Compared with when CZ was the 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 to develop our global strategy." Vishal Sacheendran, the current regional head of Binance, said in an interview with The Block: "CZ will not participate in any decision-making of Binance." Despite this, CZ is still the largest shareholder of Binance, with about 90% of the shares.