The US Securities and Exchange Commission on Monday accused Binance Holdings Ltd and its founder CEO Changpeng Zhao of breaking federal securities laws.
A lawsuit file against Binance and Changpeng Zhao in a US federal court on Monday alleged that the firm flouted investor protection rules by operating unregistered exchanges, misrepresenting trading controls and selling unregistered securities, among other violations, Bloomberg reported.
The SEC is suing in the federal court in Washington, D.C.
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Updated: 05 Jun 2023, 09:26 PM IST