Parallels to accusations against FTX, SBF: Binance CEO's trading firm received $11 bln via client deposit company, SEC says
www.reuters.com/legal/...deposit-company-sec-says-2023-06-07/
SEC says Binance and US affiliate redirected billions in customer assets to Zhao's funds
www.theblock.co/post/233652/...customer-assets-to-zhaos-funds
Binance CEO Changpeng Zhao Subject of Court Summons in SEC Action: The United States district court in Washington, D.C. issued a summons for Binance CEO Changpeng Zhao on June 7, two days after the SEC formally sued the exchange for alleged unregistered securities operations. The summons requires Zhao to respond within 21 days of service, and failure to do so will result in a default judgment.
cointelegraph.com/news/...e-ceo-changpen-zhao-over-sec-action
Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.
www.coindesk.com/policy/2023/06/08/...hangpeng-zhao-sec-says/