Richard Teng would rather not be compared with Changpeng Zhao, his predecessor as chief executive at crypto exchange Binance. He intends to wear his own shoes, he says, not fill anybody else’s.
Teng took charge at Binance in November 2023 after Zhao—who goes by CZ—pleaded guilty to violating anti-money laundering laws and US sanctions. The plea formed part of a sweeping settlement agreement with the US Department of Justice that brought an end to years of speculation about criminal wrongdoing at Binance. CZ was later sentenced to four months in federal prison, which he has since served.
CZ, who founded Binance in 2017, is something of a legendary figure in crypto
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