Binance CEO Richard Teng has shared a four-point message for the crypto community on X. In a tweet, the Binance CEO wrote, "DYOR. Always verify, never assume. In crypto, knowledge equals security. Stay informed, stay safe."
DYOR. Always verify, never assume. In crypto, knowledge equals security. Stay informed, stay safe.
— Richard Teng (@_RichardTeng) June 2, 2025
"DYOR," which means "Do Your Own Research," is a well-known term in the crypto world, but its emphasis by the Binance CEO comes at a significant time when scams, misinformation and speculative noise are on the rise. As the crypto space grows and evolves, bad actors and misleading narratives continue to pose a risk to both new and experienced investors.
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By encouraging users to stay informed and always verify, Teng highlights an important fact: education is the first line of defense.
Teng’s message, while brief, is succinct, serving as both a reality check and a protective mantra for anyone navigating the crypto space.
Binance's recent updates
The SEC formally abandoned its complaint against Binance and its founder, Changpeng Zhao, last week, putting an end to one of the agency's last remaining crypto enforcement cases.
In June 2023, the SEC filed a lawsuit against Binance and Zhao, accusing the exchange of inflating trade volumes, diverting customer funds and misleading investors about its surveillance controls.
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The case was dismissed with prejudice, which means the SEC cannot pursue it again, marking a significant win for the crypto industry.
Binance Japan has been given the widely recognized ISO/IEC 27001 and ISO/IEC 27701 certifications, marking a significant milestone in its dedication to world-class security and privacy standards. ISO/IEC 27001 is for high-level information security governance, whereas ISO/IEC 27701 is for outstanding privacy information management.
