{"id":24965,"date":"2023-11-21T22:30:00","date_gmt":"2023-11-21T21:30:00","guid":{"rendered":"https:\/\/eastwind.es\/marketing\/?p=24965"},"modified":"2023-11-30T14:05:45","modified_gmt":"2023-11-30T13:05:45","slug":"richard-teng-to-succeed-resigned-changpeng-zhao-as-ceo-of-binance","status":"publish","type":"post","link":"https:\/\/eastwind.es\/marketing\/en\/richard-teng-to-succeed-resigned-changpeng-zhao-as-ceo-of-binance\/","title":{"rendered":"Richard Teng, to succeed resigned Changpeng Zhao as CEO of Binance"},"content":{"rendered":"\n

Information completed on 22nd November at 01:30 am.<\/mark><\/strong><\/p>\n\n\n\n

Richard Teng, to date Global Head of Regional Markets at Binance, has been named the new CEO of the company today. This has been announced by Changpeng Zhao on a tweet published on X this afternoon at 21:30 (Madrid hour).

Zhao says that he will remain available to Binance’s team to consult as needed but always in the framework set by US Government Agencies’ resolutions: \u00abAs 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.\u00bb<\/p>\n\n\n\n

Zhao pled guilty to Money Laundering Act infringement: He must step down and pay $50 million fine<\/mark><\/strong><\/h4>\n\n\n\n

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The Founder and CEO of Binance inked an settlement agreement with the U.S. market watch institutions that had charged and sued the largest global cryptocurrency exchange.
According to the court papers filed before the US federal court in Seattle, Zhao agreed to plead guilty to money laundering violations.

As part of the guilty plea, Zhao agreed to personally pay a $50m fine, to step down from his role as CEO of the company, and to be barred from any involvement in the business.
The date for judge Brian A Tsuchida’s judgement delivery is set on February 23rd, but this may be delayed. Both sides agreed there would be no judgement delivery for at least six months.<\/p>\n\n\n\n

Binance also pled guilty and will pay Billions of dollars to settle criminal procedures<\/mark><\/strong><\/h4>\n\n\n\n

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As reported by The Guardian, Binance on its part \u00abagreed to plead guilty, accept the appointment of a monitor and pay a criminal fine of nearly $1.81Bn as well as a $2.5Bn order of forfeiture to settle three criminal charges, including conducting an unlicensed money transmitting business, a conspiracy charge and violating the International Emergency Economic Powers Act\u00bb.<\/p>\n\n\n\n

Client’s funds are safe, assures Binance’s founder<\/mark><\/strong> and the foundation on which the company stands today is stronger than ever, assures, Teng<\/mark><\/strong><\/h4>\n\n\n\n

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At this point Zhao, still a shareholder of Binance, is eager to avoid spreading any kind of panic among investors and clients. \u00abI am proud to point out,\u00bb Zhao added on his tweet , \u00abthat in our resolutions with the U.S. agencies they:<\/p>\n\n\n\n