The U.S. Securities and Change Fee (SEC) filed a grievance in opposition to binanceA US-based trade and its CEO, Changpeng “CZ” Zhao, have been arrested for violating securities legal guidelines.

On June 5, the SEC filed 13 indictments in opposition to Binance in the US District Court docket for the District of Columbia, alleging that Binance defrauded traders and misused buyer funds. Expenses of mishandling of shopper funds and violations of US banking laws have been first identified in a single case. report Reuters reported within the final week of Might. On the time, Binance denied all allegations. Calls this report an inventory of conspiracy theories.

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