The new CEO of Binance Exchange, Richard Teng, avoided answering questions about the company's headquarters' location and its auditor during the Crypto and Digital Assets Summit organized by the Financial Times.
This was Teng's first public interview since his appointment as CEO following the resignation of Changpeng Zhao in November 2023. It is important to note that the former head of Binance is facing a legal proceeding in February 2024 and is also required to pay a fine of $50 million for violating bank secrecy laws.
During his presentation, the new CEO of the exchange once again emphasized the deficiencies in the company's regulatory compliance measures. However, Teng avoided answering questions related to the organization's activities and its internal structure.
In response to repeated questions about the headquarters' location, the new CEO of Binance, Richard Teng, stated that he had already provided answers to these questions earlier. When the journalist inquired about the headquarters again, Teng once again evaded, saying that it is still "under consideration."
The journalist also asked about auditing Binance. The company's CEO claimed that since the exchange is a private company, it is not obliged to disclose financial information, although, according to him, regular checks are still carried out.
At the end of the conversation, Chipolina asked about the location of the headquarters again. In response, Teng expressed surprise and said:
In previous parts of the conversation, he emphasized that the company is undergoing a transformation process, and previous mistakes have been rectified.
