Binance and former CEO CZ face new lawsuit over alleged crypto laundering

Binance and CZ are being sued for allegedly laundering stolen crypto assets. The plaintiffs allege that Binance's lack of AML and KYC controls facilitated money laundering. The case could have implications for blockchain analytics standards and crypto exchange compliance. Binance and its former CEO, Changpeng CZ Zhao, are now facing a new class-action lawsuit alleging their involvement in money laundering.

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