Coin Edition -
- Changpeng Zhao departs from Binance, pleading guilty to breaching anti-money laundering rules.
- Binance’s former Global Head of Regional Markets, Richard Teng, will take charge as the new CEO.
- TRON Founder Justin Sun conveyed his grief at Zhao’s departure and appreciated Teng for his new role.
In a surprising twist of events, the renowned Canadian businessman Changpeng Zhao has announced his departure from Binance after six years of service. Pleading guilty to violating anti-money laundering regulations, Zhao stepped down from the position of Binance’s Chief Executive Officer.
On November 22, Zhao officially declared his resignation via an X post, writing, “Today, I stepped down as CEO of Binance.” In addition, he also conveyed his regards to the new CEO, Richard Teng, who previously served as Binance’s Global Head of Regional Markets. Acknowledging the growing popularity of Binance, Zhao stated, “I know Binance will continue to grow and excel with the deep bench it has.”
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.Binance is no longer a baby. It is…— CZ