Binance CEO’s Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC

Binance CEO’s Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC

Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US…