Cryptocurrency
Cryptocurrency
Out of context: Reply #792
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- neverscared2
SEC sues Binance and CEO Changpeng Zhao for ‘mishandling billions of dollars’
Financial watchdog alleges Binance lied to regulators and syphoned investors’ funds into separate company
Binance, the world’s largest cryptocurrency exchange, and its chief executive are being sued by the US’s top financial watchdog, which has accused them of making billions of dollars while “placing investors’ assets at significant risk”.
In a court filing, the Securities and Exchange Commission (SEC) accused Binance of mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by its founder and chief executive, Changpeng Zhao
- oopsy daisy... handcuffs soon..neverscared
- To quote the Binance Chief "Compliance" Officer: "we are operating as a fking unlicensed securities exchange in the USA bro"grafician