MICHEL MARTIN, HOST:
In the world of crypto, another major company is in trouble.
STEVE INSKEEP, HOST:
Binance – like finance but with a B – Binance operates the world’s largest platform for trading cryptocurrencies, and now it’s facing a massive lawsuit from the Securities and Exchange Commission.
MARTIN: NPR’s David Gura is with us now to tell us more. David, good morning.
DAVID GURA, BYLINE: Hey, Michel.
MARTIN: What is Binance accused of?
GURA: So this company faces more than a dozen charges, some of which are quite serious, Michel, in a complaint that is more than a hundred pages long. And when you dig into it, Binance is accused of misleading customers, of steering their money to another company that’s controlled by Binance’s CEO and of putting investors’ assets at risk, according to the SEC, which describes Binance as an opaque web of…
