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Binance, the largest cryptocurrency exchange globally, is facing a lawsuit by federal regulators. The lawsuit claims that Binance operated an unlawful exchange within the United States and mixed together billions of dollars' worth of customer funds.
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Binance and its founder, Changpeng Zhao, are facing allegations of violating trading and derivatives regulations.
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CEO of Binance, Changpeng Zhao (CZ), has asserted that Binance will be slowly, but surely, offloading and liquidating its holdings in FTT, the native token for its rival exchange, FTX.
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