Replay suspend 00:07 / 01:12 direct seeding 00:00 Enter full screen 0 Click and hold to drag videos (CCTV Finance and Economics' Zhengdian Finance and Economics')According to Reuters, on June 5th local time, the US Securities and Exchange Commission stated that it had filed a lawsuit against the world's largest cryptocurrency exchange, the Coin Exchange, and its CEO for violating US securities trading rules.The US Securities and Exchange Commission has filed a lawsuit in the Federal Court of Washington, D
(CCTV Finance and Economics' Zhengdian Finance and Economics')According to Reuters, on June 5th local time, the US Securities and Exchange Commission stated that it had filed a lawsuit against the world's largest cryptocurrency exchange, the Coin Exchange, and its CEO for violating US securities trading rules.
The US Securities and Exchange Commission has filed a lawsuit in the Federal Court of Washington, D.C., accusing Coin An and its CEO, Zhao Changpeng, of operating unregistered exchanges, selling unregistered securities, and engaging in violations such as misuse of customer funds. The US Securities and Exchange Commission also accused Coin An of engaging in false trading and exaggerating trading volume between at least September 2019 and June 2022.
Zhao Changpeng stated on social media that the team will continue to ensure the stability of various systems, including withdrawals and deposits, and will respond to any complaints received.
After the announcement of this news, Coin On Coin fell in response, with a drop of nearly 10% at one point. Bitcoin experienced a short-term decline of over $1000, breaking below the $26000 level.
In March of this year, the US Commodity Futures Trading Commission also sued Coin An for illegal operation of the Digital Asset Derivatives Exchange and other reasons. According to insiders, Coin An has also been investigated by the US Department of Justice for suspected money laundering and other activities.
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