Binance has appointed co-founder Yi He as Co-CEO, joining Richard Teng in a dual leadership role as the company navigates significant legal and regulatory challenges. This leadership restructuring comes as Binance faces a $1 billion lawsuit related to alleged terrorism financing and the aftermath of founder Changpeng Zhao's criminal conviction. Yi He, who has been instrumental in Binance's growth since 2017, will focus on product development and user initiatives, while Teng will handle legal and regulatory affairs. The lawsuit, filed in North Dakota, accuses Binance of facilitating funding to terrorist groups, including Hamas and Hezbollah, through weak compliance measures. This legal battle follows a controversial pardon of Zhao by President Trump, which overturned a prison sentence related to anti-money laundering failures. Despite these challenges, Binance emphasizes its commitment to regulatory compliance and transparency as it seeks to rebuild trust in the digital asset sector.