![]() ![]() Zhao recommended investors start with small amounts and get comfortable with the technology to. The exchange also withdrew from Canada in May as the country set tight regulations for crypto asset trading platforms, while Australia canceled the company's financial services license last month amid a regulatory probe. The token has soared 80 in the past 24 hours to a record 2.3, according to data source Messari. The crypto exchange's founder has also explored ways to reduce his stake in the company. Commodity Futures Trading Commission (CFTC) in March. The company has faced several problems over the past few months, with the company and CEO being sued by the U.S. "Both senior leadership and regulators have discussed behind closed doors that Richard Teng is the only leader that could step into CZ's shoes and both continue building the company in his vision while helping bridge the existing gap between the industry and regulators," CoinDesk cited a former employee as saying.īinance did not immediately respond to a Reuters request for comment on the reports. "To speculate on such things would be premature," Teng said. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according to a federal court filing by the Securities and Exchange Commission. In an interview with CoinDesk, Teng sidestepped the idea that he was being groomed to take the reins from the 46-year-old CEO. scrutiny in recent months, Bloomberg News reported, citing people familiar with the matter.īinance in late May appointed Teng to head its regional markets outside the United States. The issue of succession has taken on additional urgency, as the company has come under intense U.S. June 5 (Reuters) - Richard Teng, Binance's head of regional markets outside the United States, is seen as the most likely candidate to succeed the cryptocurrency firm's chief executive officer, Changpeng "CZ" Zhao, according to media reports. CoinDesk Binance CEO Zhao Is Worth 96B Excluding Crypto Holdings: Report Jamie Crawley 10 January 2022 at 4:31 am 1-min read Binance CEO Changpeng CZ Zhao is worth an estimated.
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