Richard Teng

It's a bit like the poacher trying to turn gamekeeper

Zhao stepped down as CEO and will pay a US$50 million fine

CEO of Binance Singapore Richard Teng spent seven years as SGX's chief regulatory officer and another 13 years at MAS.

Teng also spent 13 years at the Monetary Authority of Singapore.

HGX rides on the growing trend of private capital markets seen at other major financial hubs.

Ken Tai, who was once part of John Soh's "inner circle", alleges that former SGX chief regulatory officer Richard Teng had fed Soh with information on the Commercial Affairs Department's probe on the market manipulation scandal.