Binance CEO Changpeng Zhao has been summoned by the United States District Court in Washington, D.C. following the SEC's lawsuit against the exchange for alleged unregistered securities operations. The summons requires a response from Binance and its CEO within 21 days of service, and failure to respond could result in a default judgment.

Binance disputes the SEC's allegations and has stated that its business model is different from previous exchange failures. Details on the summons are currently scarce, and it is unclear whether it has been served.