Richard Teng faces a gauntlet of challenges as the new CEO of Binance. He won't talk about all of them [Fortune]
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Source: Fortune
leader in digital asset regulation or a byzantine mess of clashing jurisdictions, depending on who's talking. Yesterday, I had the opportunity to kick off the event by moderating a fireside chat with Richard Teng, who took over as CEO of Binance following the landmark enforcement action and $4.3 billion settlement led by the U.S. Justice Department. With his predecessor, the once ubiquitous Changpeng Zhao, set to be sentenced and likely imprisoned by a federal judge later this month, Teng occupies a knotty position. After a turbulent transition last November that saw nearly $1 billion in outflows, it seemed that Teng had maintained Binance's Teflon status, aided by the recent rally in crypto prices. As he told me, the platform has managed to attract nearly 20 million new users since November and saw $9 billion of funding flow into the exchange last month. According to data from The Block , Binance still had close to 50% of total spot exchange volume in March. Despite the rosy fi
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