Coinspeaker
Binance Chief Changpeng Zhao Summoned at Malta Address, Says Won’t Have to Appear
As per the lawsuit filed by the US Securities and Exchange Commission (SEC), Binance chief Changpeng Zhao has been summoned to Malta. The SEC has accused the exchange of indulging in shady activities in Malta between 2018 and 2019.
Binance chief Zhao cleared the air stating that he won’t need to appear in person to address the summons. “I was told this is just part of the SEC-compliant process. Nothing new. Also told I won’t have to appear in person. No need to FUD,” he wrote.
The SEC filed the summons on Wednesday in the US District Court for the District of Columbia. However, this is just procedural and nothing special.
Earlier this week, the US SEC slapped a lawsuit on Binance on the count of 13 different charges involving misleading investors, operating as an unregistered broker/trader, and much more. Binance arrived in Malta in March 2018 and in October of the same year, Malta
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