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S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators

The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao.

Matthew Goldstein
Author: Matthew Goldstein

Written by

Matthew Goldstein and Emily Flitter

in

Frauds and Swindling, Regulation and Deregulation of Industry, Securities and Commodities Violations, Securities and Exchange Commission, Virtual Currency
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