Federal regulators sue Binance, executives - The Boston Globe

Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and two of its senior executives Monday, alleging that in wooing business from US investors, they had chosen to “knowingly disregard” laws governing certain US financial markets. In a suit filed in a Chicago federal court, the Commodity Futures Trading Commission said Binance’s founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, worked together to attract trading customers who were based in the United States despite the fact that Binance did not have permission to operate in the country....