THE HASH: SEC Sues Binance CEO Zhao Over Alleged Securities Violation While Teng Is Appointed to New Role

CoinDesk Podcast Network

English - June 05, 2023 20:19 - 24 minutes - 22.4 MB - ★★★★★ - 39 ratings
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The most valuable crypto stories for Monday, June 5, 2023.

"The Hash" unpacks today's top stories moving the crypto markets: The Securities and Exchange Commission (SEC) sued crypto exchange Binance and its CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws Monday. Meanwhile, Richard Teng has been appointed to oversee Binance’s regional markets outside the U.S. Plus, centralized storage and wallet service Atomic Wallet was drained of nearly $35 million worth of various tokens. And, Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador.