The person who spent five years as Binance’s CFO announced last night that he was leaving. Five hours later, CZ replied, saying right away that he was willing to invest in him.
On the evening of November 8, Kaiser Ng wrote on X that after five years as CFO at Binance, he was now going to go out and do something of his own. He said the past ten years in the digital-asset exchange industry had gone by remarkably fast because he loved the work.
CZ’s reply left no room for empty pleasantries. He said Kaiser had done a great job and was a good friend, and that Kaiser had mentioned his plans to start a company a few months ago. YZiLabs has always been willing to invest in companies founded by current or former colleagues.
The key is the last part. In places where people leave and are soon forgotten, executive turnover is a loss. Here, it becomes an opening for capital. People move on, but their projects can still receive funding from Binance-affiliated capital, their experience remains in the ecosystem, and their status shifts from drawing a salary to holding equity.
What does this mean for $BNB holders? Binance no longer defines itself by the output of any one department. Today at 12:00 UTC, He Yi and Richard Teng are also set to appear on X Spaces with Chief Security Officer Jimmy Su. The CFO’s departure hasn’t disrupted the schedule.
Being able to let people go—and still have the money follow them. That says more about what Binance has become than any announcement could.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance
On the evening of November 8, Kaiser Ng wrote on X that after five years as CFO at Binance, he was now going to go out and do something of his own. He said the past ten years in the digital-asset exchange industry had gone by remarkably fast because he loved the work.
CZ’s reply left no room for empty pleasantries. He said Kaiser had done a great job and was a good friend, and that Kaiser had mentioned his plans to start a company a few months ago. YZiLabs has always been willing to invest in companies founded by current or former colleagues.
The key is the last part. In places where people leave and are soon forgotten, executive turnover is a loss. Here, it becomes an opening for capital. People move on, but their projects can still receive funding from Binance-affiliated capital, their experience remains in the ecosystem, and their status shifts from drawing a salary to holding equity.
What does this mean for $BNB holders? Binance no longer defines itself by the output of any one department. Today at 12:00 UTC, He Yi and Richard Teng are also set to appear on X Spaces with Chief Security Officer Jimmy Su. The CFO’s departure hasn’t disrupted the schedule.
Being able to let people go—and still have the money follow them. That says more about what Binance has become than any announcement could.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance