The Securities and Exchange Commission accused the largest cryptocurrency exchange platform, Binance of unlawful transactions. CEO Changpeng Zhao is accused, among other things, of deception and conflict of interest.
Ednews informs via foreign media that the largest cryptocurrency exchange platform, Binance, is facing legal action by the United States Securities and Exchange Commission (SEC). On Monday, the SEC accused Binance of conducting financial transactions and providing services unlawfully without the necessary authorizations.
Changpeng Zhao, the co-founder and chief executive of Binance, has been accused of deception, conflict of interest, among other allegations.
The SEC tweeted about its decision to file charges against Binance Holdings Ltd. (Binance), U.S.-based independent affiliate, BAM Trading Services Inc., and their founder, Changpeng Zhao, with a variety of securities law violations.