Securities and Exchange Commission alleges Binance mixed billions in customer funds and lied to regulators and investors
Binance, the world’s largest cryptocurrency exchange, was sued by the US’s top financial watchog on Monday, accused of mishandling customer funds and lying to regulators and investors.
The Securities and Exchange Commission (SEC) has accused Binance of mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by Binance’s founder, Changpeng Zhao.
More Stories
Norway to increase minimum age limit on social media to 15 to protect children
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’
What does Elon Musk want from all this politicking?