New Binance CEO Teng’s First Job Is to Avert Customer Exodus

- Richard Teng takes charge at world’s biggest crypto exchange

- Founder Zhao stepped down as part of deal to end US DOJ probe

Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These are just some of the tasks for crypto exchange Binance’s new head Richard Teng.

Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.#RichardTeng #Zhaojun