Binance and its former CEO, Changpeng CZ Zhao, are embroiled in a new legal battle. A lawsuit was filed last Friday in federal court in Seattle.
The lawsuit accuses Binance of facilitating money laundering, which allegedly caused harm to U.S. consumers. The plaintiffs are represented by a group of well-known class action lawyers.
This legal challenge positions Binance at the center of allegations concerning severe regulatory breaches.
