US regulator names Irish firms in Binance lawsuit

News Snapshot:

Binance co-founder and chief executive Changpeng Zhao speaks during a press conference at last year's Web Summit in Lisbon. Photograph: Patricia De Melo Moreira/AFP via Getty Images Two companies registered in Ireland are at the centre of a landmark lawsuit against Binance in the US where regulators allege that the crypto asset exchange routinely breached trading rules, destroyed documents and failed to implement effective anti-money laundering controls. The allegations against the group and its founder and chief executive, Changpeng Zhao – known colloquially as CZ – are detailed in federal court documents filed in Chicago on Monday by the Commodities...