Overview
- Richard Teng announced Yi He's appointment on Dec. 3 at Binance Blockchain Week in Dubai, formalizing a dual leadership model.
- Binance framed the move as part of a push to be the most trusted, regulated exchange while pursuing a long‑term goal of one billion users and approaching roughly 300 million today.
- The company did not detail how responsibilities will be split; coverage notes Teng’s regulatory background and He’s product and customer focus as likely complements, though this has not been specified by Binance.
- Legal experts say President Trump’s October pardon of Changpeng Zhao has created uncertainty over the enforceability of his agreement to avoid management during the U.S. monitorship, even as Zhao posted that he is retired.
- Active legal and reputational challenges persist, including a recent multi‑plaintiff suit tied to the Oct. 7, 2023 attacks that names Binance, Zhao and executive Guangying Chen as defendants; Yi He is not named in that case.