Changpeng Zhao, Binance CEO, faces class-action lawsuit over FTX’s downfall
Changpeng Zhao, the CEO of Binance, along with Binance.US, are at the center of a class-action lawsuit. The legal action is related to their purported role in the collapse of FTX, a competing cryptocurrency exchange. On Monday the lawsuit was initiated by California resident Nir Lahav, accusing Zhao and Binance.US of numerous federal and California […]
Binance U.S. scores win as court denies SEC’s document inspection request
U.S. court has rejected the SEC’s plea to inspect Binance U.S. documents, providing a small win for the crypto exchange. Binance U.S., the American arm of the world’s largest crypto exchange, has been under scrutiny since the SEC initiated a lawsuit against it, leading to a decline in trading volume and key executive departures. The […]
Binance US Denied ownership of BHL/Ceffu? Are they guilty of lying to the Courts?
According to Adam Cochran, there are claims that Binance US is denying ownership of BHL/Ceffu to the SEC. Ceffu is owned by Bifinity UAB, which is an EU registered entity formerly known as Binance Connect. SEC filings indicate that Helen Hai, Binance’s head of global fiat, is running Bifinity. Binance US claims that they do […]