Who is suing Binance & Changpeng Zhao?

The US Securities and Exchange Commission has filed a lawsuit against Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao, accusing the company and Zhao of operating an illegal cryptocurrency exchange using billions of dollars in Binance customer funds.

Is Binance facing new problems in Brazil?

While Binance has continued offering its services to its customers in the U.K., the crypto exchange platform, alongside its CEO Changpeng Zhao (CZ) and other executives, could be facing new troubles in Brazil over alleged fraudulent management.

Did Zhao & Binance falsely claim a US cryptocurrency exchange banned US customers?

The SEC says that Zhao and Binance, which was founded in Shanghai but has since moved out of China after the country banned cryptocurrency trades, falsely claimed the exchange banned US customers when in fact the company was secretly allowing traders access to the exchange.

Is Binance the world's largest cryptocurrency exchange?

Binance, the world's largest cryptocurrency exchange, is braving one of the roughest patches since it was founded by Changpeng Zhao and He Yi in 2017.