BTC logo
BTC
$108,061.70
2.38%
ETH logo
ETH
$3,877.96
2.07%
USDT logo
USDT
$1.0003
0.02%
BNB logo
BNB
$1,160.95
0.46%
XRP logo
XRP
$2.3168
3.77%
SOL logo
SOL
$184.98
4.44%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3151
1.14%
DOGE logo
DOGE
$0.1878
3.66%
ADA logo
ADA
$0.6434
4.60%
USDE logo
USDE
$0.9995
0.06%
HYPE logo
HYPE
$36.70
1.57%
LINK logo
LINK
$17.39
4.38%
BCH logo
BCH
$504.76
2.84%
XLM logo
XLM
$0.3113
4.20%
SUI logo
SUI
$2.5347
4.93%
AVAX logo
AVAX
$20.88
5.05%
LEO logo
LEO
$9.6081
0.27%
WBT logo
WBT
$41.19
1.68%
HBAR logo
HBAR
$0.1705
5.58%
BTC logo
BTC
$108,061.70
2.38%
ETH logo
ETH
$3,877.96
2.07%
USDT logo
USDT
$1.0003
0.02%
BNB logo
BNB
$1,160.95
0.46%
XRP logo
XRP
$2.3168
3.77%
SOL logo
SOL
$184.98
4.44%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3151
1.14%
DOGE logo
DOGE
$0.1878
3.66%
ADA logo
ADA
$0.6434
4.60%
USDE logo
USDE
$0.9995
0.06%
HYPE logo
HYPE
$36.70
1.57%
LINK logo
LINK
$17.39
4.38%
BCH logo
BCH
$504.76
2.84%
XLM logo
XLM
$0.3113
4.20%
SUI logo
SUI
$2.5347
4.93%
AVAX logo
AVAX
$20.88
5.05%
LEO logo
LEO
$9.6081
0.27%
WBT logo
WBT
$41.19
1.68%
HBAR logo
HBAR
$0.1705
5.58%
Policy
Share this article

Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says

SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.

By Sam Reynolds|Edited by Parikshit Mishra
Updated Jun 8, 2023, 5:36 p.m. Published Jun 8, 2023, 6:07 a.m.
Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)
Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)