The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an "illegal" exchange and a "sham" compliance program.

US regulator sues top crypto exchange Binance, CEO for 'willful evasion'

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US regulator sues top crypto exchange Binance, CEO for 'willful evasion'