Cabaro

Luck is what happens when preparation meets opportunity.

[CZ 🔶 BNB @cz_binance]

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

[*Walter Bloomberg @DeItaone]

Twitter (X) Acquires Required License to Add Crypto Payments

X may possibly introduce cryptocurrency sending and receiving feature to its millions of users worldwide.
https://t.co/AeEe84VhfK

[CZ 🔶 BNB @cz_binance]

Fiat took 3 days. Crypto 3 seconds.

[CZ 🔶 BNB @cz_binance]

It’s not how early you get in, it’s how long you can hold.

[Elon Musk @elonmusk]

The new CEO of Twitter is amazing

[CZ 🔶 BNB @cz_binance]

#BUSD. A thread. 1/8

In summary, BUSD is issued and redeemed by Paxos. And funds are #SAFU!

[CZ 🔶 BNB @cz_binance]

Remember:

Maximum greed happens at top.
Maximum fear happens at bottom.

Not financial advice. Just stating a fact.

[Binance @binance]

Reuters has it wrong again.

Now they're attacking our incredible law enforcement team. A team that we're incredibly proud of - they've made crypto more secure for all of us.

Here’s the full statement we sent the reporter and a blog about our remarkable law enforcement team.

[CZ 🔶 BNB @cz_binance]

In the spirit of transparency, might as well share the actual note, sent to all Binance team globally a few hours ago.

https://t.co/IUNkPcLC8T

[CZ 🔶 BNB @cz_binance]

BUILD debunks FUD.

This is 50+ pages of email records between our cyber security team (ex-law enforcement background) and the cherry picking, misleading, and time wasting journalists.

If you have time to waste, see the details and truth for yourself.

https://t.co/Y8bAvS5edk

[Elon Musk @elonmusk]

I hope that even my worst critics remain on Twitter, because that is what free speech means