The United States Securities and Exchange Commission (SEC) sued Binancethe largest cryptocurrency platform in the world, for violating a series of regulations in the country with its operations.
The lawsuit, filed in federal court in Washington, It accuses the company of irregularly managing its users’ funds and of lying to investors and regulators, among other things.
(See: Binance defended itself and denied involvement in the fall and bankruptcy of FTX)
The SEC filed a total of 13 charges against Binance and its founder, Changpeng Zhao.whom he accuses of blatantly ignoring US securities laws.
(See: The story of the biggest ‘crypto-fortune’ that started in the game of poker)
In addition to earning billions of dollars in exchange for putting into “significant risk” the assets of its clients.
(See: Myths and truths about cryptocurrencies)
It should be noted that both the company and Zhao already have a lawsuit from the Commodity Futures Trading Commission (CFTC)a federal agency that regulates the use of US financial derivatives, for alleged violation of national financial derivatives laws.
(See: The story of the biggest ‘crypto-fortune’ that started in the game of poker)
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