DD Support Board and Research Team

[BullNBear52]

SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations
PUBLISHED MON, JUN 5 202311:21 AM EDTUPDATED 10 MIN AGO
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Rohan Goswami

KEY POINTS
The SEC sued crypto exchange Binance and its billionaire founder, Changpeng Zhao, alleging that they worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.
The 13 charges come after the CFTC unveiled a similar complaint against Binance and Zhao earlier this year.
Zhao dismissed the allegations on Twitter.
https://www.cnbc.com/2023/06/05/sec-sues-binance-and-ceo-changpeng-zhao-for-us-securities-violations.html

Dismissing them on Twitter won't help. And it is about time.