- The SEC alleges that Binance has been operating illegally in the US.
- Internal chat logs reveal discussions about circumventing US regulations.
- The lawsuit also implicates Binance founder Changpeng Zhao.
Binance is facing a Securities and Exchange Commission (SEC) lawsuit, which accuses the crypto giant of operating illegally in the US. The case uncovers a series of internal communications that suggest a deliberate strategy to circumvent US regulations.
The SEC’s lawsuit, filed on June 5, 2023, accuses Binance of engaging in “violative conduct” for years. The lawsuit also presents a trove of evidence to back up its claims, including damning chatlogs that implicate Binance CEO Changpeng “CZ” Zhao.
‘We Are Operating as a F*ing Unlicensed Securities Exchange in the USA Bro’
In one of the internal chats revealed in the lawsuit, Binance’s former Compliance Lead Samuel Lim is quoted as…
