After pleading guilty to federal criminal charges and stepping down from his post as Binance CEO, Changpeng Zhao on Tuesday named Richard Teng as the new CEO of the cryptocurrency exchange Zhao founded. Teng, a former CEO of Abu Dhabi Global Market, the UAE capital’s financial services regulator, was most recently global head of regional markets at Binance. He was also previously director of corporate finance at the Monetary Authority of Singapore. In a post on X, Zhao said he “must take responsibility” and that it was “not easy to let go emotionally.” The controversial crypto entrepreneur, who was accused of ... (full story)