Binance and CZ Sued for Money Laundering in Seattle Court

Aug 21, 2024, 05:58 AM

Binance and its CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, initiated on August 16, alleges that Binance engaged in money laundering practices that resulted in consumer harm. The plaintiffs claim that their cryptocurrency was stolen and subsequently laundered through Binance. This legal action is led by top class action lawyers and is seen as a predictable civil lawsuit following the allegations against Binance.