Binance is screw and I feel, there is more to this show than is even reported in the news. Richard Teng was reported to be the formal head of Binance marketing. I really not sure how that guy was going to handle the affairs of Binance like CZ. I don't follow CZ as usual but I know the guy is very symbolic in the crypto market, his statement givea everyone in the crypto space confidence when they have zero hope but he is the type that always encourage, I am not sure if the new CEO has the mental strangth to do that.
Another red flag about this new CEO is that the US are going to be looking at everything he does from now on because they caught CZ red handed and was charge with $4b, now,imagine how much they can make from Binance if they dig more or when they found out that there staffs are doing somr bad things under the hood. It will makes me more scarred about the future of crypto and the crypto market.
I agree, there is definitely more to this case than meets the eye. Not fudding, but I never had any faith in the new CEO so I moved funds off the exchange soon as I heard CZ was leaving. Some might call it a cowardly move, but I'll call it smart since I'm now utilizing an exchange that has managed to steer clear of attention from the SEC or any other troublesome bodies taking out crypto exchanges. We might not realise it now, but BGB might just be able to pull off that "Binance Overtake" for no1 spot that's been talked about for years now.