Earlier this month, I told you about the foreign crypto billionaire breaking about every securities law imaginable.

I told you the Feds were going to come down on him very hard.

I revealed the blind about a week later.

My source was spot-on.

Today, the Feds leaked to the Wall Street Journal that they are a year into a deep criminal investigation of our billionaire, and many of his associates.

Changpeng Zhao

Binance

Binance CEO Changpeng Zhao and Binance.US are facing a class-action lawsuit from a California resident, Nir Lahav, alleging their involvement in the collapse of rival exchange FTX.

The lawsuit accuses them of federal and California law violations related to unfair competition and attempts to monopolize the cryptocurrency market.

The legal action refers to tweets by Changpeng Zhao just before FTX’s dramatic collapse, claiming these tweets significantly influenced FTX’s fate. On November 6, Zhao disclosed Binance’s decision to liquidate its holdings in FTX’s utility token FTT, causing a ripple effect in the crypto community.

There Could be Thousands of Members in the Proposed Class-Action

CZ and Binance have come under scrutiny from various U.S. agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission, facing accusations that span from running an unregistered exchange in the U.S. to engaging in trade manipulation.

Read more on these Tags: ,