Breaking: CZ Refutes Claims Of Binance User Fund Diversion

Crypto Market News: Binance chief executive officer Changpenf Zhao “CZ” on Thursday refuted claims that the crypto exchange diverted as much as $12 billion in user funds to other companies controlled by the CEO. The clarification comes after reports said CZ diverted customer funds to a company called Merit Peak. Meanwhile, US Senators Elizabeth Warren and Chris Van Hollen called on the US Justice Department to investigate crypto exchange Binance, in the wake of the US Securities and Exchange Commission’s (SEC) complaint.