Ny vd för Binance lovar att förbättra investerarnas förtroende
- Den nya vd:n för Binance planerar att följa tillsynsmyndigheterna.
- Binance har sett massiva utflöden under de senaste 24 timmarna.
Binances nya vd, Richard Teng, har gjort sin första tjänsteman posta as the company’s boss. Teng was surprisingly announced as CEO of the world’s biggest crypto exchange on Tuesday following the resignation of Binance founder and former CEO Changpeng Zhao.
Binance’s settlement with the Department of Justice has raised concerns amongst its users, especially about breaches of trust. However, Teng assured Binance users that “the foundation on which Binance stands today is stronger than ever.” The new CEO pledged to improve investor confidence, collaborate with regulators, and boost Web3 adoption.
Teng, a seasoned professional from Singapore’s industry, joined Binance in 2021 to increase its global compliance. Teng began his career with Binance as CEO of Binance Singapore and was appointed head of regional markets in May this year.
Teng går med i Binance med en mängd erfarenhet. Innan han började på börsen var han VD för Financial Services Regulatory Authority på Abu Dhabi Global Market. Teng arbetade också som chief regulatory officer på SGX, där han hjälpte till att säkerställa efterlevnad av policyer.
Hur är situationen på Binance?
Data from blockchain security company Nansen confirms massive withdrawals from Binance over the past 24 hours. Outflows from the exchange have exceeded $1 billion, driven by Binance’s settlement with the DOJ and CZ’s resignation from the firm.
The BNB coin took a major hit and has slipped by over 8% since the news broke. Crypto experts are curious to find out if the exchange will survive this transition and how it will pay the settlement fees. Yesha Yadav, a professor of law, explained that “the sum of $4 billion is clearly very large and will create real pain for Binance’s balance sheet.”
Yadav berättade för CNBC i en intervju
This fine does not appear to be aimed at dealing a fatal blow to the exchange. Based on Binance’s dominant position within the crypto-ecosystem over a number of years, CZ’s personal wealth, and continuing trading volumes despite declines in overall crypto trading volume as well as in Binance’s market share relative to other venues, I doubt that Binance will face risks to its solvency in paying this fine.
Trots det tunga straffet kommer Binance att fortsätta att fungera, men med hårdare riktlinjer. Börsen måste upprätthålla ett framgångsrikt efterlevnadsprogram för att säkerställa att dess verksamhet överensstämmer med USA:s antipenningtvättsbestämmelser. Förlikningen kräver också att börsen utser en tredjepartsövervakare.
Some of Binance’s competitors, including Coinbase, Kraken, and OKX, might try to capitalize on the circumstances. However, both Coinbase and Kraken have legal issues with the SEC. The SEC sued Kraken on Monday, claiming that the exchange mingled $33 billion in cryptocurrency assets owned by its customers with corporate assets, putting users at serious risk of losing a sizable amount of their funds.