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Kailey Leinz reports.Source: Bloomberg By Austin Weinstein, Allyson Versprille and Lydia Beyoud +Follow June 5, 2023, 3:05 PM UTCUpdated onJune 5, 2023, 8:16 PM UTC Listen to this article 5:33 Share this article Copied Gift this article Subscriber Benefit Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even non-subscribers! Learn more Subscribe Sign In Follow the authors + Get alerts forAustin Weinstein @allyversprille + Get alerts forAllyson Versprille @ElleBeyoud + Get alerts forLydia Beyoud The US Securities and Exchange Commission accused Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao of mishandling customer funds, misleading investors and regulators, and breaking securities rules. In a 136-page complaint filed Monday in US federal court in Washington, the SEC laid out a range of alleged violations against the world's biggest crypto exchange and its leader. For years, they flouted basic know-your-customer rules by letting Americans improperly open accounts and trade, the watchdog said. It's just the latest legal headache for Zhao and Binance. LIVE ON BLOOMBERG Watch Live TVListen to Live Radio Most Read * Markets Morgan Stanley Expects a Shock 16% US Profit Drop to Kill Rally * Markets Oil Nudged Higher by Saudi Surprise Cut as Traders Wait and See * Markets Mystery Trader's Debt-Ceiling Windfall Sparks Insider Concerns * Business US F-16 Triggers Sonic Boom Pursuing Cessna That Crashed * Technology Apple Debuts $3,499 Vision Pro Headset in Test of Marketing Terms of Service Trademarks Privacy Policy (c)2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help PxPixel