[ad_1]
Binance has named its head of regional markets outdoors of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead responsible to expenses levied towards him by the U.S. Division of Justice.
Right now, I stepped down as CEO of Binance. Admittedly, it was not straightforward to let go emotionally. However I do know it’s the proper factor to do. I made errors, and I need to take duty. That is finest for our group, for Binance, and for myself.
Binance is now not a child. It’s…
— CZ Binance (@cz_binance) November 21, 2023
As Cointelegraph reported earlier, CZ and Binance have agreed to a plea cope with the DOJ over alleged anti-money laundering violations. The ensuing settlement will value the corporate $4.three billion {dollars} and, reportedly, bars CZ from serving as an government at any cryptocurrency corporations. He gained’t have to offer u his shares, nonetheless, and can apparently serve no jail time.
It is a growing story, and additional data can be added because it turns into accessible.
[ad_2]
Source link