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Binance founder CZ made $12B overnight when Donald Trump won

Changpeng Zhao, aka CZ, was one of crypto’s biggest beneficiaries of Donald Trump’s victory over Kamala Harris.

CZ filing says SEC can’t tell securities from Beanie Babies

Former Binance CEO Changpeng Zhao described the SEC’s amended lawsuit as “moot” and “meritless” and seeks to avoid disgorgement costs.

The coins were moved in two separate transactions of $59.2 million and $7.3 million shortly after bitcoin crept above the $70,000 threshold.

Binance’s former head of financial compliance has an outstanding appeal against his first bail denial, rendering a new request moot.