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
740% increase in stubble burning (1068 farm fire incidents) in a single day in Punjab showed by NASA Worldview.
Air quality in Delhi continued to remain in "very poor" category for the fourth day in a row.
But, all blame will be put on Deepawali festival. Same story every year
India has become the first country in the world to reach the south pole of the Moon.
Salute to ISRO for Chandrayaan-3.
Bharat Mata Ki Jai. Vande Mataram.
Jai Hind. 🇮🇳
Crypto-winter isn't a time to hibernate but to flourish! It's an opportunity to test solid ideas, find market fit, secure unique fundraising, build strong communities & prepare for the bull run.
Have a look at our article: https://t.co/VeCwlCeR7c
18-year-old Indian grandmaster Praggnanandhaa defeated the world number 3 Fabiano Caruana.
He is now in the final of the FIDE World Cup.
The smile of a mother says it all.
1996: 13 killed in Lajpat Nagar blast
2012: Delhi HC acquitted 2 terrorists - Mirza & Ali
Now, after 27 years, SC give life sentence to 4 terrorists including Mirza & Ali
SC said Delhi HC gravely erred in its 2012 judgment
6 convicted in this case including a woman Farida Dar
France is burning.
But no one will bat an eye, as the people who are burning France are 'minorities'
The minority which is oppressed, silenced and what not, Maybe that's what gives them the right to burn down a nation.
Right @zoo_bear@_sayema ?
1. What BBC told you that a woman Muskan's dead body was found in Aligarh & she married a Hindu boy 4 years ago
But, what BBC won't tell you that Muskan left her husband Deepak a year ago & was living with a man Mohammed Faizan
Police arrested Faizan for abetment of her suicide
On 23 June 1985, Air India Flight 182 (Canada to India) was bombed by Babbar Khalsa
All 329 people were killed. It's also known as Kanishka bombing
Now, after 38 years, posters glorifying Talwinder Parmar, mastermind of Air India bombing, were put at various locations in Canada
Movie #Ajmer92 on one of the most brutal and scariest crime against young girl. More than 250+ girls as young as 13 were raped/gang-raped, pimped to others and blackmailed to lure more girls into the trap.
SOME PEOPLE WILL SAY IT IS FICTIONAL, nothing like this ever happened.
Screen Mix from the Middle East posted a video with the fake claim that this video is from India where a bride is going to be buried alive.
Fact: This is a video of a wedding custom in Nepal.
A 56-year-old man Manoj Sane brutally killed his live-in partner Saraswati Vaidya in Mumbai, and later chopped her body into more than 20 pieces.
This monster boiled pieces of her body in a pressure cooker & filled them into plastic bags to dispose of them.
Massive protest erupted in Maharashtra's Kolhapur over objectionable viral social media post glorifying Aurangzeb.
When the protest had concluded & people were returning, stone pelting was started from a terrace in Kolhapur.
मेरे लिए हत्यारा वह लड़का नहीं है जो लड़की को चाकू मार रहा है। हत्यारे वो लोग है,जो मूक दर्शक बने रहे।केवल लड़की नहीं मरी,बल्कि इंसानियत, मानवता और संवेदनशीलता भी मर गई। जो समाज इतना असंवेदनशील और कायर बन जाये, धिक्कार है ऐसी कायरता को.
उम्मीद है लडकी को जल्द इंसाफ मिलेगा.