SEC Alleges $12B Diversion: Binance CEO Changpeng Zhao Under Scrutiny
According to a recent court document, the Securities and Exchange Commission (SEC) has accused Binance CEO Changpeng ‘CZ’ Zhao and Guangying ‘Helina’ Chen of directing billions of dollars in customer funds to their firm Merit Peak. This was allegedly carried out through a holding company called Key Vision Development Limited. The SEC claims that Zhao […]
According to a recent court document, the Securities and Exchange Commission (SEC) has accused Binance CEO Changpeng ‘CZ’ Zhao and Guangying ‘Helina’ Chen of directing billions of dollars in customer funds to their firm Merit Peak. This was allegedly carried out through a holding company called Key Vision Development Limited. The SEC claims that Zhao […] 
