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
@gainzy222 If we want to talk about bad actors let’s mention how you came crying in my messages a few weeks ago bc Rollbit didn’t respond to you for a few days so you thought that they maybe went broke since a few followers complained to you about withdrawals.
The @hyblockcapital Global Bid/Ask metric dropped a full 20% during the collapse.
Seems like a bunch of MMs pulled inventory creating paper-thin order books.
Bold but not a bad idea actually. Community fork solana will get rid of sec issue.
No bankruptcy will dump on you for next 3 years continuously.
$ETH is a fork of $ETC and doing well.
Blink twice if you agree
I've been doing some research to find the devs that worked for and exploited @TurtlesNFT
Below is a look at the exploiters Discord name: OverRust#1758
According to reputable sources, his name used to be "hongbo" and he worked on @honeydefi
I searched Twitter and found this odd thread by @UnlocNFT regarding both "Hongbo Li" and @honeydefi
Sounds like it's definitely the same character.. up to no good once again...
I also invested in Tensor when there is absolutely no one interested in them before Solana Foundation wanted to invest before they secured the Lead.
I was telling lots of Funds when they DD that These 2 devs gonna flip MagicEden volume in 3months, and they did it less than that.
When magiceden saw AMM actually works, even I offered to work with them, they decided to ghost me(literally from hours of advice per day to ghost me)
They dropped Coralcube AMM and today they dropped Magiceden AMM which is the same anyway.
The blockchain never lies but projects do.
As the creator of the @solincinerator we feel the need to provide transparency to the ecosystem.
Yes, this is a thread regarding the most recent actions by the @DeGodsNFT team.
🧵👇
ABC 🤝 Pirate Squad
Over the past weeks we have worked closely with a few ABC founders to create a game that builds on top of the ABC ecosystem!
This will bring value to all ABC holders by giving them a 25% lifetime share of fees generated from the game.
Launching tomorrow! 🔥
its time to help the earthquake victims in Turkey , we created an event as a DONATE TO WIN.
if you want to be participant of giveaway, you should donate min 1 sol to https://t.co/o9Ac1Gzzqq and share the solscan in the comments + rt this tweet
I ll pick winners live tomorrow