Responding to the damning report, a spokesperson from Binance.US denies that Changpeng Zhao has more control over the platform than the execs themselves, adding that Reuters has used "outdated information."
Reuters have published the results of an investigation into Binance, revealing that the company pursued a strategy of misleading and dodging regulators which involved forging documents, among others.
Binance has of late found itself being called to task by financial regulators in a growing number of jurisdictions, prompting a number of financial institutions to block payments to the site.
The November 2020 complaint sought damages over an article that alleged Binance had intentionally created structures to evade U.S. regulators.
