Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC

Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US assets, came a day after...

source https://www.gadgets360.com/cryptocurrency/news/binance-ceo-trading-firm-received-funding-client-deposit-company-us-sec-claims-4103377#rss-gadgets-all

Atanu Das

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