News Snapshot:
Open this photo in gallery: Changpeng Zhao, the founder and chief executive officer of Binance, attends the Viva Technology conference, in Paris, on June 16.BENOIT TESSIER/Reuters The world’s largest crypto exchange Binance and its CEO Changpeng Zhao operated a “web of deception” that included artificially inflating its trading volumes and diverting customer assets, the U.S. Securities and Exchange Commission alleged on Monday. The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls, as well as for operating an unregistered securities exchange. The SEC’s complaint, filed...
