New Binance CEO reluctant towards senior leadership changes
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...