CZ releases an open letter, Richard Teng takes over as Binance CEO

Odaily News CZ published an open letter on the X platform stating that Richard Teng will take over as Binance CEO. He was previously the global regional market leader of Binance. The original text is as follows: Today, I resigned as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it was the right thing to do. I made a mistake, and I must take responsibility. This is bad for our community , what’s best for Binance, and what’s best for myself... I’m pleased to announce that our current head of global regional markets, Richard Teng, has been appointed as Binance’s new CEO today. Richard is a highly qualified leader with over three decades of financial services and regulatory experience, he will guide the company into its next phase of growth. He will ensure Binance delivers on our promises in the next phase of security, transparency, compliance and growth ."