Cryptocurrency: Binance Taken Over By Feds, CZ Extorted and Booted Out

[grarpamp]

"You didn’t step down. You were forced to step down due threats of
violence and extortion from strangers you’ve never even met. You are a
1st generation crypto hero. Keep your head up high!"

CZ 🔶 BNB @cz_binance
Nov 21
Today, I stepped down as CEO of Binance. Admittedly, it was not easy
to let go emotionally. But I know it is the right thing to do. I made
mistakes, and I must take responsibility. This is best for our
community, for Binance, and for myself. Binance is no longer a baby.
It is time for me to let it walk and run. I know Binance will continue
to grow and excel with the deep bench it has. I’m pleased to announce
that @_RichardTeng, our now former Global Head of Regional Markets,
has been named the new CEO of Binance today. Richard is a highly
qualified leader and, with over three decades of financial services
and regulatory experience, he will navigate the company through its
next period of growth. He will ensure Binance delivers on our next
phase of security, transparency, compliance, and growth. Prior to
joining Binance, Richard was CEO of the Financial Services Regulatory
Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer
of the Singapore Exchange (SGX); and Director of Corporate Finance in
the Monetary Authority of Singapore. With Richard and the entire team,
I’m confident that the best days for @Binance and the crypto industry
lay ahead. As a shareholder and former CEO with historical knowledge
of our company, I will remain available to the team to consult as
needed, consistent with the framework set out in our U.S. agency
resolutions. What’s next for me? I will take a break first. I have not
had a single day of real (phone off) break for the last 6 and half
years. After that, my current thinking is I will probably do some
passive investing, being a minority token/shareholder in startups in
areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will
finally have more time to spend looking at DeFi. I can’t see myself
being a CEO driving a startup again. I am content being an one-shot
(lucky) entrepreneur. Should there be listeners, I may be open to
being a coach/mentor to a small number of upcoming entrepreneurs,
privately. If for nothing else, I can at least tell them what not to
do. On that note, I am proud to point out that in our resolutions with
the U.S. agencies they: - do not allege that Binance misappropriated
any user funds, and - do not allege that Binance engaged in any market
manipulation. Funds are SAFU! With that, I look forward to seeing the
new leadership take the reins. Please join me in congratulating
Richard on his well-deserved promotion. Onwards! CZ