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SEC sets out 13 charges against crypto giant Binance and founder Zhao

Founder and CEO of Binance Changpeng Zhao
Photo: Getty Images

Martina Lindberg

4 min read
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The Commission claims that Binance knew it was violating the rules in order to maximize profit.

Binance Holdings Ltd, its US-based affiliate, BAM Trading Services Inc. (BAM Trading), and their founder, Changpeng Zhao, have all been charged with a variety of securities law violations.

The SEC is the latest regulator to take on Binance after the CFTC charged three Binance entities in March over alleged numerous

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