SEC sues Binance and CEO Zhao over alleged mishandling funds, lying to regulators

TechCrunch
By Jacquelyn MelinekJun 5, 2023, 11:52 am171 pts
The SEC is accusing Binance, the world’s largest crypto exchange, its CEO Changpeng Zhao and BAM Trading and BAM Management, of lying to regulators about its operations, according to a federal suit filed Monday. The regulator filed 13 charges against the defendants. Binance and BAM Trading were under Zhao’s…

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