Yi He, Binance Co-founder and newly appointed Co-CEO, said that the company’s dual leadership model is designed to support compliant growth, build Web3 infrastructure, and keep users at the center. This information was shared in a post on Binance’s leadership blog.
“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets,” said He, Co-Founder & co-CEO, according to Binance. “Together, we bring diverse perspectives and are confident in leading the future of the industry during this pivotal time, as we responsibly expand our global presence and drive sustainable innovation with our users always at the center.”
In her leadership note, Yi He emphasized Richard Teng’s extensive experience in regulated financial markets and highlighted their shared plan to grow responsibly with users at the core. She described Binance’s next chapter as being focused on compliance and innovation; enhancing controls, increasing engagement with regulators, and expanding secure, user-centric products. The aim is to advance Web3 infrastructure that broadens access and creates a more open and fair financial system for everyone.
According to Binance, it has “invested heavily in compliance,” strengthening partnerships with law enforcement and deploying proactive risk engines. Between December 2022 and May 2025, the company reports its monitoring systems prevented approximately $10 billion in potential fraud losses and protected over 7.5 million users globally—demonstrating scaled compliance tools aimed at achieving measurable user protection outcomes across jurisdictions.
The company further reported intensified collaboration with authorities: in 2024, Binance responded to over 64,800 law-enforcement requests and trained or served 14,800 registered officials. These efforts supported real-world actions such as dismantling a multi-million-dollar criminal syndicate in Hong Kong linked to fraud cases, illustrating how compliance operations contribute directly to tangible crime-fighting results.
Binance recently appointed co-founder Yi He as Co-CEO alongside Richard Teng, formalizing the dual leadership she mentioned. Announced at Binance Blockchain Week, this move highlights continuity of user focus while expanding executive capacity to scale compliance and growth. The company presented this structure as aligning operational excellence with regulatory engagement across global markets.
