Re: So we got new CEO of Binance

Quote from: cryptoaddictchie on November 22, 2023, 03:24:20 AM

What a shocking event this morning when CZ resigned as CEO and replaced by Richard Teng as the new CEO. With the SEC plead guilty issue of CZ. Well this si unexpected news knowing CZ built the Binance so strong. Anyway with the new CEO possible new eras and new beggining for Binance.

Check the Binance announcement for complete story.

https://www.binance.com/en/blog/leadership/binance-announcement-reaching-resolution-with-us-regulators-2904832835382364558

Every company's CEO changes, and how did Binance's CEO change? CZ committed an offense and that was an offense like money laundering. And then Tinney paid a $50 million fine. And then he quit his ceo post. This is very sad for Binance because he has worked hard for Binance and made it a huge and popular exchange. For this we have noticed a slight negative effect on the price of BNB. But no one can say how long it will last. Because how strong the new CEO's efforts can keep Binance strong remains to be seen in the coming days