The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against crypto platform Binance and its CEO for allegedly engaging in an “extensive web of deception” to mislead customers and evade U.S. laws. The SEC filed its lawsuit against Binance and CEO Changpeng Zhao in the U.S. District Court for the District of Columbia…
SEC Files 13 Charges Against Binance Over ‘Extensive Web of Deception’
June 6, 2023
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FTX Collapse Heightens Anxiety Over Binance
After the FTX collapse, Binance co-founder and CEO Changpeng Zhao is grappling with challenges on numerous fronts. As the industry deals with the high-profile fallout from FTX, billions of dollars are fleeing Binance, one of the world’s largest cryptocurrency exchanges. Further, Zhao has recently come under fire for being responsible for the FTX’s collapse, and…
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