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CCTV-2 Reports on SEC Lawsuit Against Binance and CEO Changpeng Zhao

Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC) for allegedly violating US securities laws. The SEC has filed 13 charges against Binance, accusing the exchange of mishandling customer funds and lying to regulators and investors about its operations.

Binance has responded to the charges, stating that the SEC's lawsuit aims to unilaterally define the structure of the cryptocurrency market, and that it will vigorously defend the platform. The news was reported by CCTV-2, the financial channel of China Central Television.

Binance CEO Changpeng Zhao SEC
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