Pete

[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

[Jeremy Vaught @jeremyvaught]

16 years ago, I created @music and have been running it ever since. Just now, Twitter / X just ripped it away.
Super pissed

[Dr Disrespect @DrDisrespect]

Who’s running Call of Duty PR and Marketing now?

Same people from the purple snakes?

Pathetic.

[WF @WhaleFUD]

BREAKING: CEO of Alameda Research, Caroline Ellison has fled from Hong Kong to Dubai.

[Fintwit @fintwit]

@SBF_FTX @andrewrsorkin @dealbook In 2008, Bernie Madoff was arrested within 24 hours of his fraud being revealed.

In 2022, Sam Bankman-Fried will be attending the NYTimes dealbook summit after his fraud was revealed.

[Travis Kling @Travis_Kling]

It was entirely my fault and not anyone else’s. I lost my investors’ money after they put faith in me to manage risk and I am truly sorry for that. I have publicly endorsed FTX many times and I am truly sorry for that. I was wrong.

[Travis Kling @Travis_Kling]

Unfortunately, I have some pretty bad news to share. Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else.

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: SBF and two FTX associates are currently being detained by authorities in the Bahamas, a source tells Cointelegraph

[Discover Crypto | AI Investing @DiscoverCrypto]

FTX/Alameda had a fail safe in case authorities were ever on to them. The hack last night was an internal system meant to delete data & evidence.

Fortunately, even without specifics I alone have enough to send Caroline, Gary Wang, Dan Friedberg, and SBF to prison for life.

[John Cardillo @johncardillo]

Good work here on #FTX and damning for Biden/Dems if it’s all true.

[Coffeezilla @coffeebreak_YT]

This has to be one of most insane parts of this saga. FTX faking an order from the Bahama regulators to sneakily withdraw funds while everything was paused, only to have the Bahama regulator say that FTX was lying!

[Hedgeye @Hedgeye]

🚨

-ONE MONTH BEFORE THE SHIT HIT THE FAN (10/11/22) @AlderLaneEggs warns about $FTX & @SBF_FTX etc to @KeithMcCullough

"Nothing here fits. Everything reads like it's a complete scam. This thing is dirty and rotten to the core."

Watch full conversation: https://t.co/7jGnwyRkn1

[The Block @TheBlockCo]

https://t.co/odYCkTxbKr accidentally transferred $400 million worth of ETH to another exchange, CEO says
https://t.co/Zhw6BsDppy

[sassal.eth/acc 🦇🔊 @sassal0x]

Why would anyone ever trust a centralised service that "accidentally" sends 320k ETH to the wrong address?

This is pure amateur level shit and https://t.co/hR43jl2Eze deserves to be called out for it

If your funds are on there, I highly recommend moving them off - now

[il Capo @CryptoCapo_]

@FTX_Official

[SBF @SBF_FTX]

20) At some point I might have more to say about a particular sparring partner, so to speak.

But you know, glass houses. So for now, all I'll say is:

well played; you won.

[vitalik.eth @VitalikButerin]

@econoar $1b is still much more than I have

[Pete @petecool98]

@wickedcushions RIP ftt

[Grant Melson, CFA @grant_melson]

How Binance’s CZ starting the rumor about FTX, causing a liquidity collapse, and then acquiring the FTX is STRAIGHT out of the playbook of Rockefeller and Vanderbilt🧵👇: