Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder
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
Binance will pay $4.3 billion in penalties — one of the largest such agreements in US history — ...