The world's largest cryptocurrency exchange, sued! Bitcoin plummeted and briefly broke through
Source: CCTV FinanceAccording to Reuters, on the 5th local time,The Securities and Exchange Commission of the United StatesThe commission stated that due to violations of US securities trading rulesA lawsuit has been filed against the world's largest cryptocurrency exchange, Coin Exchange, and its CEO.On the same day, the US Securities and Exchange Commission filed a lawsuit in the Federal Court of Washington, D
Source: CCTV Finance
According to Reuters, on the 5th local time,The Securities and Exchange Commission of the United StatesThe commission stated that due to violations of US securities trading rulesA lawsuit has been filed against the world's largest cryptocurrency exchange, Coin Exchange, and its CEO.
On the same day, the US Securities and Exchange Commission filed a lawsuit in the Federal Court of Washington, D.C., accusing Yuan An and its CEO, Zhao ChangpengOperating unregistered exchanges, selling unregistered securities, and engaging in illegal activities such as abusing customer funds. The US Securities and Exchange Commission also accused Coin An, at least between September 2019 and June 2022,Engaging in false transactions and exaggerating transaction volumeEtc.
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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