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"I am fortunate to be taking on the leadership of a business whose fundamentals are very strong", Binance's new CEO Richard Teng wrote in his first statement after company Founder Changpeng Zhao step down and admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations. "Not only does Binance continue to operate the"I am fortunate to be taking on the leadership of a business whose fundamentals are very strong", Binance's new CEO Richard Teng wrote in his first statement after company Founder Changpeng Zhao step down and admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations. "Not only does Binance continue to operate the ยป The FINANCIAL Featured
Changpeng Zhao, former CEO of Binance, admitted to money laundering and stepped down from his position. Richard Teng, the company s Global Head of Regional Markets, has been named the new CEO.