Chief Product Officer of Silicon Valley WEB3 Research Institute | Stanford Digital Future Currency Initiative | Chief Consultant of CCscanEcological Technologyh
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 time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
The prosperity of C-chain ecology needs to be promoted by the community. During the explosive period of the WEB3 industry, I hope not to leave any regrets.
Singapore Crypto Dream Night co-organized by @News_Techub, co-organized by @DA_AGE_CN and @Web3LabsClub, sponsored by @Coldlar_cn, @0xCregis, @0xGasZero, @ChainUpOfficial, @ubox_io, @OfficialYibi, @ReadOnMe3, JDI, @CCDAOWeb3, 🤩Tell Me Your Crypto Dream drone flight activity video is displayed on the big screen in Lan Kwai Fong, Hong Kong!🚀
Spread the dream of Web3 and build Hong Kong Web3 together. Welcome more Buidl to come to Hong Kong🇭🇰 and build Hong Kong Web3 together!👏
Welcome everyone to download the Techub News APP, Apple and Android are now available!🔥
In order to ensure the community assets cross-chain contract is temporarily closed. A secondary verification contract is being added. It will open in 72 hours.
We have deployed CCswap on the official website. The initial price of opening OPCC to USDT is 8USDT, and the cross-link interface will be opened later.
OPCC, the native currency of C chain, will open at 8USDT on October 27th. With the mainnet online, the work of C chain has just begun. Let us work hard for the prosperity of C chain.
After community voting, it was decided that OPCC of C chain will be traded on C chain on October 27. The opening price is 8USDT. The liquidity removed from the BSC chain is used to increase WOPCC liquidity. The ecology is more exciting because of our efforts.
The cross-chain has passed for 30 days. The liquidity of BSC will be removed on October 12th. All the withdrawn assets will be used to add WOPCC liquidity. We deeply apologize to users who have not completed the cross-chain.
The C-Chain Stars ⭐ plan is currently in the internal testing stage. Some mobile phones cannot display assets due to model incompatibility. It is recommended to change the device and log in to check. The technical part is also being solved. Please wait patiently.
BSC asset cross-chain will be closed on October 12th, Singapore time. In addition, the original community asset cross-chain channel will be closed today. To ensure the safety of assets, please seize the time to complete the cross-chain action. We are hereby notified.📈📈📈