Richard Teng: Crypto CEO Successor
This is a US news story, published by Wired, that relates primarily to Binance news.
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Richard TengWired
•Business
Business & Economics
Binance Moved Fast, Broke Things—and Paid the Price. Richard Teng Is Cleaning Up
77% Informative
Richard Teng took charge at Binance in November 2023 after Changpeng Zhao pleaded guilty to violating anti-money laundering laws and US sanctions.
Zhao was later sentenced to four months in federal prison, which he has since served.
Teng has tried to remodel Binance from a rule-bending upstart with an inscrutable corporate structure and no global headquarters.
Binance has two sets of external monitors: one appointed by the DOJ and one by the Financial Crimes Enforcement Network .
The US is not something Binance is focusing on now.
2024 was a landmark year , with approval of bitcoin ETFs in the US and subsequently in many different jurisdictions around the world.
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