US regulators have filed a lawsuit against cryptocurrency exchange Binance alleging a string of violations including the misuse of investor funds
US regulators have filed a lawsuit against cryptocurrency exchange Binance, alleging a string of violations including the misuse of investor funds.
Cryptocurrencies and shares in crypto and blockchain-related companies tumbled after the Securities and Exchange Commission revealed 13 charges against the world's largest exchange and its founder Changpeng Zhao. The watchdog claimed they artificially inflated trading volumes and diverted customer funds, and also failed to restrict US customers from its platform and misled investors about market surveillance controls.
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