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 am resigning as CEO of Binance. Granted, it’s not easy to let go emotionally. But I know it’s the right thing to do. I made mistakes, and I must take responsibility. This is a big deal for our community, and for the currency. Ann, and the best for myself...
I’m excited 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 who 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. "