Binance outflows exceed $1 billion since news of CZ’s resignation as CEO

Odaily News Nansen posted on the X platform that since the news of CZs resignation as Binance CEO came out, more than $1 billion in funds have flowed out of Binance, but Binance still controls $65 billion in assets. This is not the first time Binance has dealt with large-scale capital outflows. According to previous news, CZ said that Richard Teng will take over as CEO of Binance. I plan to devote myself to passive investment in areas such as blockchain, Web3, DeFi, artificial intelligence and biotechnology after a short break. “I can’t imagine myself becoming the CEO of a start-up company again. In the future, I may be willing to mentor a few entrepreneurs privately, or at least tell them what not to do.” At the same time, CZ emphasized that the settlement reached with US regulators did not accuse the currency Any misappropriation of user funds or market manipulation. He looked forward to the new leadership leading Binance into a new chapter and congratulated Richard Teng on his promotion.