The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
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
$TOKEN / USDT-M is now LIVE on @kucoincom futures! 🔥
You can now trade $TOKEN with up to 20x leverage!
This further legitimizes the #TokenFi platform and confirms that leading exchanges see the potential in the $16 trillion #tokenization industry.
Note: Futures, perpetuals, and leverage trading are suitable only for experienced traders.
Inexperienced traders could lose all their funds, so approach leverage trading with caution.
#SMURFCAT Reached 33M is a fucking 11x 💸
It continues to demonstrate that this is not just a meme but a reality ❤️🔥
it's a conglomerate of people who believe in this 💎
#HeIsReal $JOE $HAY $HILO $SPX $ZAPEX $ETF $HOLD $DOG #шайлушай#BTC📷 $MLP $RMD $LMI $OGGY $HOLD $VIVY $CX
oh you think it’ll stop at BTC ETF?
oh no we’ll have ETH ETF
and then they’ll want yield on that ETH
and then they’ll find out about LSDfi
and then they’ll find out about restaking
and the leverage will grow
and the greed will flow