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The Guardian - UK

Technology

Dan Milmo Global technology editor

US regulator sues crypto exchange Binance and boss Changpeng Zhao

Binance Changpeng Zhao United States CFTC Crypto Coinbase

Changpeng Zhao — Changpeng Zhao. The complaint alleges Binance wilfully evaded US laws and regulations. Photograph: Benoît Tessier/Reuters

Binance and its chief executive, Changpeng Zhao, are being sued in the US by commodity market regulators in a complaint that claims the defendants committed “wilful evasion of US law”.

The move is the most significant US enforcement action yet against the world’s largest cryptocurrency exchange.

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