Binance and Changpeng Zhao Hit with New Class Action Lawsuit Alleging Money Laundering
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Binance, the world’s largest cryptocurrency exchange, and its former CEO, Changpeng “CZ” Zhao, are facing a new money laundering class action lawsuit filed by three cryptocurrency investors.
The lawsuit, lodged in the U.S. District Court for the Western District of Washington, Seattle, accuses Binance of enabling widespread money laundering that allowed stolen cryptocurrencies to become untraceable.
This legal action follows a series of regulatory and legal challenges that have intensified scrutiny of Binance and its practices, also, for CZ, the former CEO who is about to complete his prison term following his last charges, which he was found guilty of, further complicating things for both the company and CZ.
Read more on cryptonews.com
