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SEC probes Binance crypto market makers, is Bankman-Fried next?

The SEC is probing the relationship between Binance’s US exchange and two market makers controlled by Binance chief Changpeng Zhao.

Binance execs complained crypto exchange had weak AML rules, report

An exhaustive Reuters investigation revealed that crypto exchange Binance chief Zhao avoided Malta due to pesky anti-money laundering rules.

Considering the role’s seniority and Binance’s endless bad press for lax compliance, Harry Clynch assumed he wouldn’t get the job. He did.

Terra is now second only to Ethereum in terms of total value locked inside its DeFi ecosystem, with Binance Smart Chain dropping to third.

Turns out, claiming to have no headquarters and refusing to answer questions about their location makes Binance execs difficult to sue.