
Ooki DAO to pay $643K fine after CFTC’s court victory
The trading platform will also be forced to shut down its website and operations.
Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.

The SEC claimed in a court filing that Changpeng Zhao's Merit Peak received billions in customer funds from Binance's American exchange.

Paul Grewal said that once a federal judge versed in such matters presides over the case in court, they will come to the same conclusion

Ark Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.

An SEC official alleged Binance commingled funds in bank accounts that was used to send Paxos nearly $20 billion in 2021.

Blockchain data shows that Binance US users withdrawal rate increased after SEC moved to freeze the exhange assets.

The U.S. Securities and Exchange Commission announced its charges against Coinbase, finally revealing its precise objections to the company's practices.



