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
Riporto anche qui una domanda che é emersa nella Live di ieri: cosa significa per voi investire “a lungo termine”?
E per voi Bitcoin é un asset da lungo termine o solo da speculazione?
Aggiornamento sulla situazione macroeconomica mondiale 🌍
⏳ Tempo di lettura: 2:40 minuti.
Like 👍🏻 e Repost ♻️ Apprezzatissimi 🙏🏻 (mi date una mano immensa a fare divulgazione e farci conoscere 💙)
Analizziamo i fatti più importanti delle varie regioni.
The fight will be managed by my and Zuck’s foundations (not UFC).
Livestream will be on this platform and Meta. Everything in camera frame will be ancient Rome, so nothing modern at all.
I spoke to the PM of Italy and Minister of Culture. They have agreed on an epic location.
Ragazzi mi prendo due settimane di mare 🌊 🌊
I miei thread potenti si arrestano in questo periodo per tornare ancora più cattivi dopo 🔥
Che poi staccare al 100% non riesco sicuro, X è una droga. Quindi giusto per qualche meme o messaggio veloce siamo sempre qui 🙏🌊
1/8
L'attuale guerra in Africa è solamente un tassello di un puzzle molto più grande. Come sapete infatti c'è stato un colpo di stato in Niger, dove la popolazione locale è insorta cacciando via i vertici del "potere occidentale".
1/23
Curve Hack POST-MORTEM!
Facciamo chiarezza sull'intera vicenda e tutte le sue conseguenze! Mi raccomando leggete fino alla fine, ne vale la pena.
(like e retweet per l'algoritmo e si vola. Inoltre ci impiegate un nano_secondo grazie)👇