Binance

Richard Teng taking the helm at Binance, indicating a new era of regulatory compliance and strategic leadership.

Changpeng Zhao Resigns as Binance CEO, Richard Teng Steps Up Amid $4.3 Billion Fine for Regulatory Violations

In a pivotal leadership transition at Binance, the foremost crypto exchange globally, Changpeng “CZ” Zhao has resigned as CEO after admitting guilt to charges in the U.S., making way for Richard Teng’s ascendancy. Previously a regulator in Abu Dhabi, Teng was appointed in June to manage Binance’s regional operations outside the U.S. His rise to …

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Binance's new Web3 Wallet displayed on a smartphone, symbolizing the integration of advanced security features in crypto wallets.

Binance Debuts Web3 Wallet for 150 Million Users

Binance, the world’s leading cryptocurrency exchange, has unveiled its innovative Web3 wallet, integrating it within the widely-used Binance mobile app, primarily recognized for cryptocurrency trading activities. The announcement at the Binance Blockchain Week in Istanbul marks a significant expansion of services for Binance’s extensive user base. Changpeng “CZ” Zhao, the CEO of Binance, emphasized the …

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Binance Takes Action on Hamas-Linked Accounts Following Israeli Intervention

Binance, a leading cryptocurrency exchange, has taken action to freeze accounts associated with Hamas militants, following a directive from Israeli authorities. The co-founder of Binance, Yi He, clarified in a WeChat post dated Oct. 10 that this decision specifically targets Hamas, which is recognized as a terrorist organization by the United Nations, and not the …

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Hong Kong Binance Users Hit by $446K Text Scam

Hong Kong authorities have alerted the public about a Binance phishing scam that has affected local users. The city’s police force highlighted that 11 Binance users in Hong Kong fell victim to phishing texts. In a recent “CyberDefender” post on Facebook, the Hong Kong police stated, “Fraudsters, pretending to be Binance, sent texts urging users …

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