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RE: LeoThread 2023-12-03 15:13

in LeoFinancelast year

New Binance CEO Richard Teng feels that the lawsuit by SEC and recent $4.3B recent settlement was a result of lapses in compliance which were evident in the years that Binance growth boomed from 2017.

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richard Teng strongly believes that the situations that led to compliance issues of Binance could have been avoided. But then, these were historical mistakes that led to this huge settlement.

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While the current changes Binance is facing is of a huge magnitude, the new CEO believes strongly that Binance will continue to grow strong and build on its vision and historical successes.

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Given the nature of the litigations and settlement against Binance, CZ would no longer be involved in running the daily activities of Binance after his resignation. But the new CEO is confident of carrying on and really making sure that Binance remains a top crypto exchange.

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Learn more about the thoughts of New Binance CEO in this article below:

https://cointelegraph.com/news/binance-growth-led-to-compliance-failures-ceo-richard-teng