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WEKU
WEKU
Business
David Gura

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit

Binance SEC Crypto Changpeng Zhao Gary Gensler CZ Lawsuit FTX United States
Binance Co-Founder and CEO Changpeng Zhao, widely known as CZ, speaks during a press conference at the Europe's largest tech conference, the Web Summit, in Lisbon on Nov. 2, 2022. The SEC sued Binance and CZ on Monday, saying the company misled customers among other charges. (Patricia De Melo Moreira/AFP via Getty Images)

U.S. regulators are targeting more giants in the world of crypto.

On Monday, it filed 13 charges against Binance, which operates the world's top crypto exchange, as well as its billionaire co-founder and CEO, Changpeng Zhao, who is widely know as CZ. It's the latest in a string of actions being taken against crypto companies.

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