Binance's CZ: 'I Made Mistakes', Confirms Richard Teng Will Takeover as CEO - Decrypt
Binance founder Changpeng Zhao has resigned as CEO, and confirmed that Richard Teng will take over the role....
- Binance founder Changpeng Zhao (CZ) has resigned as CEO of Binance.
- The United States Department of Justice has announced charges against Zhao and the exchange.
- Zhao takes responsibility for his mistakes and believes this is best for the community, Binance, and himself.
- Richard Teng, previously Binance's Global Head of Regional Markets, will become the new CEO.
The sentiment in the article is negative, as it discusses the resignation of the CEO and the charges announced by the United States Department of Justice.