Crypto markets nosedived Monday following the SEC suit accusing Binance, the world’s largest crypto exchange by trading volume, and its chief executive, Changpeng “CZ” Zhao, of offering unregistered securities, commingling user deposits and inflating trading volumes.

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• Source: https://www.coindesk.com/markets/2023/06/05/crypto-traders-suffer-320m-losses-in-liquidations-as-sec-lawsuit-against-binance-spurs-market-plunge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines