Binance Exec Touted as Possible CZ Replacement: The Future of the Crypto Giant

The crypto world is buzzing with speculation about who will permanently fill the shoes of Changpeng “CZ” Zhao at Binance. CZ Binance, the world’s largest cryptocurrency exchange, is facing a pivotal moment, and the search for a leader with a strong regulatory background is intensifying. Last month, it was revealed that the U.S. Department of Justice’s national security division is allegedly examining whether Binance is adhering to regulatory standards, further emphasizing the need for a seasoned executive at the helm.

Richard Teng, former global regional marketing director of Binance, has already stepped into the role, as CZ posted on the X platform that he has resigned as CEO of Binance and will be replaced by Richard Teng. However, many are wondering if Teng is just an interim solution. 6 de sept. de 2025 Binance CEO Richard Teng confirmed that former CEO Changpeng Zhao is banned from managing the crypto exchange for life. CZ is set to be released from prison on 5 de sept. de 2025, but could be permanently enjoined from operating or managing the exchange moving forward.

The question remains: who will ultimately be the long-term CZ replacement and guide Binance through the complex regulatory landscape? Binance France has replaced co-founder Changpeng Zhao with two new shareholders, the company told DL News on Tuesday. The move is designed to ensure that Binance addresses many of the issues red-flagged by the commission. This reshuffling highlights Binance's commitment to compliance and could signal the qualities the exchange is seeking in its future leadership. While Richard Teng currently leads Binance, the industry is watching closely to see if another executive will emerge as the definitive CZ replacement.