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New Binance CEO Richard Teng Strikes Optimistic Tone in First Company Statement After Settlement

Binance's newly appointed CEO, Richard Teng, has released his first official statement following the company's settlement with the US Department of Justice. Teng expressed optimism, stating that Binance is stronger than ever and has worked to address past compliance issues. Founder and former CEO Changpeng Zhao has stepped down from his role and is forbidden from serving as an executive for the company for three years, while Binance will pay $4.3 billion in fines and settlements and withdraw from the United States. Teng has committed to leading the team into the future while respecting and learning from the past.

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