Richard Teng, a former civil servant now in the capacity of a prominent crypto executive, is emerging as a potential successor to Binance’s embattled CEO, Changpeng “CZ” Zhao.
As the current head overseeing all regional markets outside the United States for Binance, Teng’s rise to prominence comes at a crucial time for the cryptocurrency exchange.
With regulatory scrutiny on the rise, the succession matter regarding CZ has gained considerable urgency, as reported by Bloomberg.
Richard Teng Poised For Binance Chiefdom
Joining the company as the Singapore CEO in August 2021, Teng’s exceptional trajectory has led to his expanded responsibilities, now encompassing Europe, the Middle East, North Africa, and Asia.
However, the exchange finds itself entangled in a contentious battle with US regulators. In March of this year, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against…
