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
High-rise, high expectations: is Casablanca’s finance hub a model for African development?
Former bosses at video games firm Ubisoft on trial in France accused of sexual harassment
Millions of Australian workers to get an above-inflation pay rise as minimum wage lifts by 3.5%