In his statement following his decision to resign, Binance CEO Changpeng Zhao said that he will continue to work as a shareholder and former CEO of the company, provide consultancy when necessary, and invest in initiatives in the fields of Blockchain / Web3 / DeFi / AI and Biotechnology.
Zhao stated that his decision to resign was to support Binance's global growth and expansion. He said the company needs new leadership to consolidate its position as the world's largest cryptocurrency exchange and expand into new markets.
Zhao also emphasized that Binance's funds are safe. The company said its financial position is strong and all user funds are secured.
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