The SEC’s case against Binance, a live reading by Liz Lopatto
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Read MoreSEC sues Binance and CEO Zhao over alleged mishandling funds, lying to regulators
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 leadership
Read MoreThe SEC is suing Binance, the world’s largest crypto exchange
Illustration by Alex Castro / The Verge Binance, the world’s largest crypto exchange, operated illegally in the US, the US Securities and Exchange Commission alleges in a new lawsuit. Changpeng Zhao, the exchange’s founder, was named in the suit as well. “Defendants have enriched themselves by billions of U.S. dollars
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