The Latest Breaking News from Binance

'We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,' the SEC said.

The SEC sued crypto exchange Binance yesterday, prompting customers to withdraw £1 billion in the space of 24 hours

The crypto exchance was accused of ‘an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.’

The SEC charged leading crypto exchanges Coinbase and Binance with a laundry list of securities law violations, at an already fragile time for the cryptocurrency sector.

The US Securities and Exchange Commission has filed a lawsuit against cryptocurrency exchange Binance and its CEO, Changpeng Zhao, accusing the platform of engaging in a "web of deception". The SEC's civil complaint lists 13 charges, including operating as an unregistered exchange, and accuses Binance of diverting investor funds to…

US watchdog SEC says company mixed billions in customer funds and secretly sent them to separate company controlled by CEO Changpeng Zhao

The SEC sued Binance, the world's largest cryptocurrency exchange, for a host of securities violations. Bitcoin, cryptocurrency prices dive.

The complaint expands jurisdiction for the agency as it continues to target key cryptocurrencies.

The total market capitalization for all cryptocurrencies was down approximately 4.5% in the first hour after the suit was filed.