The top U.S. derivatives regulator’s lawsuit against crypto giant Binance Holdings Ltd. and Chief Executive Officer Changpeng Zhao hammers at the company’s alleged concealment of rules violations in a breakneck pursuit of growth.
As the Commodity Futures Trading Commission goes after the world’s biggest cryptocurrency exchange — in the wake of FTX’s collapse and amid a banking crisis in which crypto figures — here are some of the most striking allegations and details from its suit, which also includes claims of willfully ignoring potential criminal activity.
Representatives of Binance and Zhao didn’t respond to requests for comment.
