Binance And Changpeng Zhao: SEC Wants To Prove FTX-Style Fraud, Says Report

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Benzinga

The U.S. Securities and Exchange Commission (SEC) continues its probe into Binance (CRYPTO: BNB) and its founder Changpeng Zhao for possible control over assets on the Binance.US platform. In June, the SEC accused both entities of running unauthorized securities exchanges, focusing on the risk of misappropriation of American crypto assets in a manner similar to the FTX scandal, The Wall Street Journal reported. Despite Binance making an agreement with the SEC and Zhao admitting to criminal charges, primarily settling U.S. investigations concerning anti-money laundering and sanctions law compli…

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