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Seychelles , Thursday 16 April 2026

Binance CEO Changpeng Zhao's Offshore Trading Firm Received Nearly $11 Billion In Client Assets, US SEC Claims

Published on: Wednesday 07 June 2023

Binance CEO Changpeng Zhao's Offshore Trading Firm Received Nearly $11 Billion In Client Assets, US SEC Claims According to a recent filing from the US Securities and Exchange Commission (SEC), Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received approximately $11 billion in client assets through a Seychelles-based firm established for customer deposits. The SEC filing, which requested a freeze on Binance's US assets, came shortly after the SEC filed a lawsuit against Binance, Zhao, and the operator of its US...


News source: https://www.msn.com/en-in/money/markets/binance-ceo-changpeng-zhaos-offshore-trading-firm-received-nearly-11-billion-in-client-assets-us-sec-claims/ar-AA1ch2QO

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