Binance’s Richard Teng succeeded Changpeng Zhao as the chief executive officer of the world’s largest crypto exchange after Zhao agreed to step down as part of a sweeping deal to resolve a US criminal investigation.

Teng assumes responsibility for navigating the company as the years-long Justice Department investigation ends. He said in a post on X that he’ll focus on reassuring Binance’s 150 million users about its “strength, security and safety” and collaborate with regulators “to uphold high standards globally.”