What Is Happening With Binance?
- The SEC sued the largest crypto exchange and its controlling shareholder
The Securities and Exchange Commission on Monday sued global crypto exchange Binance, its founder Changpeng Zhao and its American affiliate Binance.US. The civil suit alleges they showed “blatant disregard for the federal securities laws" and enriched themselves at investors’ expense. The complaint also says Binance commingled customer funds and put users’ assets at risk.