Binance and Zhao allegedly undermined the company's own compliance, courted U.S. investors, and traded against its customers using market-making companies.

The U.S. Securities and Exchange Commission sued crypto exchange Binance, the operating company for Binance.US and Binance founder and CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws on Monday.

The SEC is suing Binance and its CEO, Changpeng Zhao. The WSJ reported the lawsuit accuses the world's biggest crypto exchange of operating an illegal exchange. Zhao tweeted Monday morning that the company had yet to see the complaint.

The world's largest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Securities and Exchange Commission on Monday for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls,

Securities and Exchange Commission names Binance founder and CEO Zhao in a case filed federal court in Columbia with 13 charges Crypto exchange Binance sued by US regulator over multiple rule violations binance,

The U.S. Securities and Exchange Commission sued cryptocurrency exchange Binance Holdings and its CEO Changpeng Zhao for allegedly violating U.S

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according to a federal court filing by the Securities and Exchange Commission.