So we got new CEO of Binance

[mdzahed134]

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

If that's true, does it mean that he admits to the accusations that the SEC leveled at him and is guilty of them, or is this an attempt to save Binance?
I think Binance will continue to run with or without CZ, it's like a system that can run itself, even CZ admits it.
whatever it is I hope something like ftx will not happen to binance.

Yeah, Binance admitted the charges against them and they already agreed to pay 4.3 billion USD. I think it’s a biggest penalty ever for a exchange but binance are capable to pay this amount, so it will not be like that bankruptcy ftx. Just CZ resigned from his position but exchange aren’t affected.

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[atamism]

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

If that's true, does it mean that he admits to the accusations that the SEC leveled at him and is guilty of them, or is this an attempt to save Binance?
I think Binance will continue to run with or without CZ, it's like a system that can run itself, even CZ admits it.
whatever it is I hope something like ftx will not happen to binance.

Yeah, Binance admitted the charges against them and they already agreed to pay 4.3 billion USD. I think it’s a biggest penalty ever for a exchange but binance are capable to pay this amount, so it will not be like that bankruptcy ftx. Just CZ resigned from his position but exchange aren’t affected.

Yeah, CZ plead guilty. Also, they also announce the new CEO as CZ steps down. He will face the charges, $4.3 Billion is also the biggest penalty I've heard. I hope the new CEO will continue the legacy of CZ and Binance stay strong. Also, hoping that Binance will recover, because if you check the market, a lot of holders sold their BNB as the news comes up.

[Velemir Sava]

CZ's step down from binance is good for the exchange and altcoin markets as well. Binance is the biggest promoter of altcoin, and downfall of binance can be a massive blow to the whole altcoin marketplace. Also SEC is trying to manipulate binance so that their influence over the overall crypto industry can diminish so that companies like blackrock can dominate the market in the future. This is just speculative thinking, and it can be totally wrong, but binance has been targeted many times before, so it can be a fact.

It could be because China's dominance in the world of crypto is quite large. but, just my prediction too. However, BNB has always had a place in users' hearts to this day. If we look at the price, it didn't immediately fall sharply and is still holding up and also seems to be following the pattern of BTC's increase. The current price is now $236 and the good news is that BTC is increasing upwards.

[Argoo]

CZ will still be there to make decisions for Binance in one way or the other. And he is human if human. If he is pleaded guilty, he might have taken responsibility for others actions and not only his. Binance is a big company with different departments and branches. So, he is not the only one making decisions. But lets see how Binance will be managed with the new CEO. And Remember, Elon resigned as CEO of twitter but we hardly talk about the new CEO cos we still feel like Elon controls twitter.

CZ acted wisely: he took responsibility, admitted guilt and compensated material claims, thereby diverting possible claims from Binance. I hope that he will remain an eminence grise there and will provide all possible assistance to the new director so that the crypto exchange continues to operate and prosper. Therefore, I believe that nothing bad will happen to the exchange itself.

[Cryptoababe]

CZ acted wisely: he took responsibility, admitted guilt and compensated material claims, thereby diverting possible claims from Binance. I hope that he will remain an eminence grise there and will provide all possible assistance to the new director so that the crypto exchange continues to operate and prosper. Therefore, I believe that nothing bad will happen to the exchange itself.

I also believe nothing bad will happen to the exchange. They have been doing well so far and that's all we want. Also, they have been transparent enough. Although, I don't use it cos I like to buy coins before it started trading there. But I respect the Exchange and the previous

[leonair]

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

[Bushdark]

CZ's step down from binance is good for the exchange and altcoin markets as well. Binance is the biggest promoter of altcoin, and downfall of binance can be a massive blow to the whole altcoin marketplace. Also SEC is trying to manipulate binance so that their influence over the overall crypto industry can diminish so that companies like blackrock can dominate the market in the future. This is just speculative thinking, and it can be totally wrong, but binance has been targeted many times before, so it can be a fact.

It could be because China's dominance in the world of crypto is quite large. but, just my prediction too. However, BNB has always had a place in users' hearts to this day. If we look at the price, it didn't immediately fall sharply and is still holding up and also seems to be following the pattern of BTC's increase. The current price is now $236 and the good news is that BTC is increasing upwards.

We don't need to be surprised because Cz is already getting old and he needs someone as soon as possible to replace him taking the growth of the exchange to another level. Like we all know that he was accused of money laundering and he had pleaded guilty, the only he can escape many of the charges and other allegations is by stepping down for another person to lead the company so that it would not have so much effect on the exchange. He had taken a wise decision and we need to to applaud him for that.

[livingfree]

I also believe nothing bad will happen to the exchange. They have been doing well so far and that's all we want. Also, they have been transparent enough. Although, I don't use it cos I like to buy coins before it started trading there. But I respect the Exchange and the previous

Give the guy a chance.

He's still new and the boards are even trusting for appointing him as the CEO. He has got the experience that made him qualify for the position.

They're doing good. What's not good is the people's thought that they think the new appointed guy is going to fail. He might not be the same as good as CZ but there's a clear approval from CZ and their boards to appoint him.

[Sophokles]

CZ's step down from binance is good for the exchange and altcoin markets as well. Binance is the biggest promoter of altcoin, and downfall of binance can be a massive blow to the whole altcoin marketplace. Also SEC is trying to manipulate binance so that their influence over the overall crypto industry can diminish so that companies like blackrock can dominate the market in the future. This is just speculative thinking, and it can be totally wrong, but binance has been targeted many times before, so it can be a fact.

It could be because China's dominance in the world of crypto is quite large. but, just my prediction too. However, BNB has always had a place in users' hearts to this day. If we look at the price, it didn't immediately fall sharply and is still holding up and also seems to be following the pattern of BTC's increase. The current price is now $236 and the good news is that BTC is increasing upwards.

We don't need to be surprised because Cz is already getting old and he needs someone as soon as possible to replace him taking the growth of the exchange to another level. Like we all know that he was accused of money laundering and he had pleaded guilty, the only he can escape many of the charges and other allegations is by stepping down for another person to lead the company so that it would not have so much effect on the exchange. He had taken a wise decision and we need to to applaud him for that.

CZ is getting old but not old that doesn't mean he can not run a company. He was a successful entrepreneur, and i am not sure what he will do now. Perhaps CZ to launch a new project or work on any project as a project lead. May be this won't happen because the USA government will keep an eye on him so that he can not influence Binance's authority or run his own exchange again. If he agreed to pay his penalty money then i am expecting that he will be released but he won't settle in the usa any more.

[Spaceman1000$]

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

I was even shocked to see that a new CEO has been immediately brought up by the company. Though I believe it's to fill that vacuum, so they can easily stire the administration of the company seemliness, because with this crisis binance is going through, if nobody is there, it will affect investors interest. So they needed to get a replacement to build investors confidence, I feel is a welcome Idea.

[The Cryptovator]

It's sad we lost CZ as Binance CEO. But I don't think it's regrettable since he is the founder and owner of Binance. He will always take care of his company, and he won't leave us alone. On the other hand, the new CEO is also highly experienced, and he could handle everything since CZ will back him. So we don't need to worry much about the new change at Binance. Let CZ work freely now for us.

[albon]

It's sad we lost CZ as Binance CEO. But I don't think it's regrettable since he is the founder and owner of Binance. He will always take care of his company, and he won't leave us alone. On the other hand, the new CEO is also highly experienced, and he could handle everything since CZ will back him. So we don't need to worry much about the new change at Binance. Let CZ work freely now for us.

He has indeed mentioned in a tweet ^[1] his step down from the position of CEO of Binance, stating that he will remain available to the team and consult with them as set out in U.S. agency resolutions. because he is the only person with historical knowledge and information for years about Binance's company as its founder and former CEO. Whether CZ continues to manage affairs or Richard Teng takes over, the crucial point is for the Binance platform to remain alive and more secure in the future. This might happen after the agreements made with U.S. authorities to resolve compliance issues and sanctions. Richard Teng, the new CEO of Binance, is highly qualified and has extensive experience in cryptocurrency/CEX; the Binance platform might become more prosperous under his leadership. This is what we hope for, as the collapse and demise of Binance would be a severe blow to the market.

[Freddie Boyer]

This might happen after the agreements made with U.S. authorities to resolve compliance issues and sanctions. Richard Teng, the new CEO of Binance, is highly qualified and has extensive experience in cryptocurrency/CEX; the Binance platform might become more prosperous under his leadership. This is what we hope for, as the collapse and demise of Binance would be a severe blow to the market.

Totally agree and this can also be identified that everyone has a time to go up and everyone also has a time to rest. Despite these problems, I think the Binance Platform will continue to provide the best service to its users through Richard Teng's leadership.

Yes. hopefully it will be better in the future.

[Cryptoababe]

Give the guy a chance.

He's still new and the boards are even trusting for appointing him as the CEO. He has got the experience that made him qualify for the position.

They're doing good. What's not good is the people's thought that they think the new appointed guy is going to fail. He might not be the same as good as CZ but there's a clear approval from CZ and their boards to appoint him.

I'm actually not looking down on the new guy. I know he has been managing the Binance for a while. I'm only saying my opinion. And I'm sure there won't be any problem.

[huu78]

I think the new CEO will only continue Binance's performance, Binance is no longer a startup company that cannot stand alone, especially after 6 years of being founded in 2017 and now being the largest exchange in the world, Binance will not lose its prestige, but after CZ admits its mistake, we hope there will be changes. which makes the new CEO of Binance.

[babygun]

I don’t really think it is good news as CZ was the face of the company and made one of the biggest exchanges in the world in just a couple of years. There are more and more countries taking actions against them and I withdraw all my money and crypto just to avoid that I would loose anything.

[rhomelmabini]

I don’t really think it is good news as CZ was the face of the company and made one of the biggest exchanges in the world in just a couple of years. There are more and more countries taking actions against them and I withdraw all my money and crypto just to avoid that I would loose anything.

But, there's nothing he can do now that he resigned from that position and I think those who knew who represents Binance will surely know that he'll stay be supportive on them. Well, it's best to secure your assets and get it off on exchanges but I think this is the last shake we may see until the market gets healthy again.

[MegameSama]

I felt the same way when I saw this news on Twitter, he is a very influential figure in the development of Binance so that it has become one or perhaps the biggest number one in the world. I hope CZ's departure doesn't destroy Binance and the BNB network, it would be a shame if this happened like FTX and Luna. I hope a new leader means new ideas, I hope Binan is bigger than before lol because the proportion of my money is quite large in this coin

[wajik-tempe]

It is critical to recognize that change may bring about new opportunities. The selection of Richard Teng as the new CEO is a smart effort to handle possible hurdles, especially in light of the SEC plea problem. The company's continuous engagement and support from CZ may give stability during this shift. Binance has a strong basis, and with Teng's knowledge, a new era of development and success is possible. Let us be positive about Binance's future under its new leadership.

[JayTrain]

I doubt that after the latest events the exchange will be the same. After all, the amount of the fine, although significant for a top exchange, is not clear whether there is now enough liquidity to be ahead of everyone else in the market or not.  In any case, time will tell, the most important thing is that the market did not react badly to this.