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Home»ADOPTION NEWS»Binance Forms First Board of Directors: Bloomberg News
ADOPTION NEWS

Binance Forms First Board of Directors: Bloomberg News

By Crypto FlexsApril 2, 20243 Mins Read
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Binance Forms First Board of Directors: Bloomberg News
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Posted 1 minute ago In ~

Updated: April 1, 2024, 2:54 PM EDT

According to Bloomberg News, Binance Holdings Ltd. formed its first board of directors in a year marked by change and turmoil.

The Board of Directors consists of seven members, including CEO Richard Teng and three company executives: Heina Chen, Jinkai He, and Lilai Wang. There are three external members: Gabriel Abed, Arnaud Ventura, and Xin Wang. bloomberg.

According to LinkedIn, Abed was previously Barbados’ ambassador to the United Arab Emirates and Kuwait, where he resigned two months ago. Ventura is an entrepreneur who has founded several companies, including PlaNet Finance. Wang is CEO of Bayview Acquisition Corp. and advises financial institutions on mergers and acquisitions, according to LinkedIn.

Binance did not immediately respond to a request for comment. company Posted The board of directors is posted on the website, but it is unclear when it was made public.

Late last year, Binance pleaded guilty to charges of money laundering, conspiracy to conduct an unlicensed money transfer business, and violation of sanctions and agreed to pay a total fine of $4.3 billion. Changpeng Zhao, the former CEO of the exchange known as CZ, also pleaded guilty to anti-money laundering and sanctions violations, agreed to pay a $50 million fine and stepped down from his position. His sentence It is scheduled for April 30th.

After CZ stepped down, Binance appointed Richard Teng as its new CEO. Previously Teng worked He is the Global Head of Regional Markets at Binance.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.

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