Breaking: SEC Takes Aim At Binance's Ex-CCO For Willful Violation Of US Regulations

In a civil suit filed in Washington D.C.’s federal court, the Securities and Exchange Commission (SEC) has accused Binance, the world’s largest cryptocurrency exchange, of operating as a thinly-veiled shell game. The lawsuit alleges that Binance’s founder, Changpeng Zhao, and its then Chief Compliance Officer (CCO) used customer accounts for personal gain while evading U.S. regulations and sidestepping American regulatory oversight.