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Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products

The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.

By Nikhilesh De, Jack Schickler, Oliver Knight, Jesse Hamilton, Cheyenne Ligon

Updated May 9, 2023, 4:11 a.m. Published Mar 27, 2023, 3:05 p.m.

Binance CEO Changpeng Zhao (Antonio Masiello/Getty Images)