Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

August 24, 2024 Bitcoin.com

Binance

Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard […]

FBI Calls on Public to Help Stop North Korea’s .5B Bybit Crypto Laundering Now

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance Goes Live in India: Full Access for Indian Users

August 17, 2024 Bitcoin.com

AML

Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […]

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance CEO: Recent Market Declines Are Not a Long-Term Negative Trend

August 8, 2024 Bitcoin.com

Binance

Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive. Richard Teng Discusses Market Declines, Advises Caution […]

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Binance CEO Says Crypto Not Entering ‘Long-Term Negative Trend’ Despite Sharp Market Correction

August 6, 2024 The Daily Hodl

Binance

The chief executive officer of the world’s largest crypto exchange says that crypto’s latest crash is likely to be short-lived. According to Binance CEO Richard Teng, outside forces are currently shaping the digital asset markets. “Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of […]

The post Binance CEO Says Crypto Not Entering ‘Long-Term Negative Trend’ Despite Sharp Market Correction appeared first on The Daily Hodl.

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

July 12, 2024 Bitcoin.com

Anniversary

Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes, Challenges, and the Road Ahead In his reflection shared with Bitcoin.com News, […]

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance CEO: Crypto Prices May Fluctuate but Fundamentals Are Strong

July 10, 2024 Bitcoin.com

Binance

Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market fluctuations. Binance’s […]

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance CEO Shares Key Tips for Investors Getting Into Crypto

June 28, 2024 Bitcoin.com

beginning crypto

Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave. Binance’s CEO Shares Tips for New Crypto Investors Binance CEO Richard Teng […]

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance CEO Richard Teng Says Crypto Exchange Has Frozen $5,300,000 in Digital Assets Linked to BtcTurk Hack

June 24, 2024 The Daily Hodl

Binance

Binance CEO Richard Teng says the world’s largest crypto exchange is helping in the probe of hacked Turkish cryptocurrency market BtcTurk. In a post on the social media platform X, Teng says that Binance is assisting BtcTurk in the investigation and has so far frozen over $5.3 million worth of the stolen crypto assets. “Our […]

The post Binance CEO Richard Teng Says Crypto Exchange Has Frozen $5,300,000 in Digital Assets Linked to BtcTurk Hack appeared first on The Daily Hodl.

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance assists BtcTurk attack probe, freezes $5.3M in ‘stolen funds’

June 23, 2024 Coin Telegraph

<div>Binance assists BtcTurk attack probe, freezes .3M in 'stolen funds'</div>

Coin Telegraph

Binance is assisting in investigating the malicious attack on Turkish crypto exchange BtcTurk, according to Binance CEO Richard Teng.

Cryptocurrency exchange Binance is allegedly assisting in investigating a malicious attack against Turkish crypto exchange BtcTurk, with over $5 million in stolen funds frozen at this stage, according to Binance CEO Richard Teng.

“Binance is assisting BtcTurk with investigations and have frozen over $5.3M in stolen funds so far,” Teng wrote in a June 22 X post.

BtcTurk, with over 5 million users according to its website, stated that the attack primarily affected holdings in hot wallets — software-based crypto wallets linked to the internet. Hot wallets, although more efficient for frequent transactions, are more vulnerable to malicious hackers compared to offlcold storage.

FBI Calls on Public to Help Stop North Korea’s $1.5B Bybit Crypto Laundering Now

Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

June 14, 2024 Bitcoin.com

Binance

Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other […]

Richard Teng

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