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Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the ex change ’s executive leadership team. This statement comes amid Bloomberg’s inquiries about the role of Yi He, a senior executive and partner at Binance. Yi He previously had a relationship with Zhao and also has two children with the former CEO.  Teng’s appointment and the settlement are part of the fallout from the U.S. Department of Justice (DOJ) agreement, which stipulates Zhao’s formal disengagement from Binance’s operations for three years. Zhao is also facing a potential prison term of up to 18 months. You might also like: Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities Zhao, while stepping dow...

The European Union Agency for Law Enforcement Cooperation released a statement on Monday detailing its latest action against troubled ex change Bitzlato. Per the release, Europol is now in possession of digital wallets holding $19M worth of crypto which, Europol alleges the firm procured unlawfully. Europol’s latest release also claims that about half of Bitzlato’s transactions are tied to criminal activities. Agencies Join Forces to Target Bitzlato The strike on the crypto firm occurred via an operation in which Europol was heavily involved in. However, according to the agency’s media report, French and American law enforcement bodies spearheaded the operation targeting the firm. Law enforcement and judicial authorities from Belgium, Cyprus, Portugal, Spain, and the Netherlands also took part in the crackdown. As stated earlier, the officials confiscated crypto assets worth roughly EUR 18M, however, the haul went further. Vehicles and electronic equipment were pa...