Changpeng Zhao: Who is Binance Billionaire Sued by US Regulator?


Source: news18.com news18.com

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On Monday, the U.S. Securities and Exchange Commission took aim at the most powerful man in crypto. The SEC accused Binance founder Changpeng Zhao of operating a “web of deception," charging him and his exchange with 13 offences. These ranged from allegedly manipulating Binance’s trading volumes and failing to restrict U.S. customers from its unregulated platform to commingling and diverting billions of dollars in customer funds “as they please." The complaint further threatens Zhao’s vast business empire, which for years has dominated the crypto industry. The billionaire tycoon already faces charges from the U.S. Commodity Futures Trading Commission, filed in...