Bitcoin prices fell after the SEC filed 13 charges against Zhao Changpeng, the founder of Coin Security
On Monday, major cryptocurrencies fell after the US Securities and Exchange Commission accused the world's largest cryptocurrency exchange, Coin On Holdings, and its co founder, Zhao Changpeng, of violating 13 securities laws.According to CoinDesk data, Bitcoin fell 5% on Monday to $25857, its lowest level since March 17th
On Monday, major cryptocurrencies fell after the US Securities and Exchange Commission accused the world's largest cryptocurrency exchange, Coin On Holdings, and its co founder, Zhao Changpeng, of violating 13 securities laws.
According to CoinDesk data, Bitcoin fell 5% on Monday to $25857, its lowest level since March 17th. Ethereum fell 4.4% to around $1815, while Coincoin fell 10.7% to around $275.
On Monday, the US Securities and Exchange Commission accused the world's largest cryptocurrency exchange, Binance, of violating US securities laws by secretly allowing high-value US clients to trade on Binance. com. The US securities law prohibits unregistered exchanges from providing services to US clients.
The indictment also states that Zhao (commonly referred to as "CZ") controlled the client's assets and mixed them with personal and company assets.
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