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‘Binance Was Operating In A Different Fashion’: New CEO Says Crypto Exchange Has Matured Following $4.3B DOJ Settlement

In the wake of a $4.3 billion settlement with the U.S. Department of Justice (DOJ), Binance‘s recently appointed CEO, Richard Teng, has declared the company’s evolution past its previous cultural issues. What Happened: Previously, the DOJ had criticized Binance for its “act first, apologize later” approach. Teng acknowledged these issues during his address at the Paris Blockchain Week crypto conference. “In those very early stages of development … Binance was operating in a different fashion,” he said. “But we have moved past that, as the company moved into regulatory maturity, [and] we are mo…

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