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.
About Author
More Stories
Albania bans TikTok for a year after fatal stabbing of teenager last month
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
OpenAI whistleblower who died was being considered as witness against company