The Commodity Futures Trading Commission has filed a lawsuit against Binance chief Changpeng Zhao, Binance, and it’s chief compliance officer, Samuel Lin.

It alleges serious compliance breaches, including a failure to register, allowing US persons to trade products they shouldn’t, and numerous KYC and AML failures.

Listen to the article to find a full breakdown of the allegations and Binance’s response to the lawsuit.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com