Binance, Zhao ‘deliberately’ violated US law, SEC argues

The $4.3 billion settlement from Binance and plea deals from both the crypto exchange and its former CEO Changpeng Zhao alleges that the two “deliberately” tried to “subvert US law,” but were caught, according to the US Securities and Exchange Commission.

The SEC, in a new filing in its case against the world’s largest crypto exchange, argued that the plea deals announced by the Department of Justice in late November “undermine Zhao’s and Binance’s arguments that the SEC’s claims relating to the Platform involve non-actionable extraterritorial conduct.”

Binance did not immediately return a request for comment. 

Back in September, Binance filed a motion…

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