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- WASHINGTON—The Securities and Exchange Commission on Monday sued Binance, the world’s largest cryptocurrency exchange, alleging the overseas company operated an illegal trading platform in the U.S. and misused customers’ funds. The SEC lawsuit also named Changpeng Zhao, Binance’s founder and controlling shareholder, as a defendant.www.wsj.com/articles/sec-sues-crypto-exchange-binance-over-u-s-rule-violation…
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