Richard Teng

Binance CEO Richard Teng said 70% of funds withdrawn by European users after the exchange’s MiCA setback moved to self-hosted wallets, while 30% moved to MiCA-regulated platforms. The split puts a hard number on the custody shift that followed Binance’s loss of a clear EU route before the July 1 deadline. Teng said 70% of withdrawn funds went to self-hosted wallets after users moved assets off the platform, leaving regulated European exchanges with a smaller share of the outflow. The…

Binance CEO Richard Teng reassured European users that funds remain safe and secure as the exchange enters the July 1 MiCA deadline without a confirmed EU-wide crypto-asset service provider license. Affected users will still have access to the options communicated to them, including withdrawals. Binance is directing account-specific questions to official customer support channels and says it is contacting users directly with the next steps tied to their country and account status. The message is aimed at users caught between…

Binance is pushing back against new Iran-linked transaction claims involving roughly $850 million in alleged activity tied to Iranian financier Babak Zanjani and a wider payment network. The disputed activity allegedly took place over two years and involved Binance accounts connected to Zanjani’s broader network. The claims also raised questions about shared-device access, account links and whether platform controls caught suspicious activity early enough. Binance CEO Richard Teng rejected the allegations in a public response, calling the claims “fundamentally inaccurate.”…