Binance Founder Changpeng Zhao Takes Legal Action to Dismiss CFTC Lawsuit

Binance, the prominent cryptocurrency exchange, is embroiled in a significant legal conflict with the Commodity Futures Trading Commission (CFTC). As reported by Bloomberg, the company’s founder, Changpeng Zhao, commonly known as CZ, and its former chief compliance officer, Samuel Lim, are at the forefront of the defense against the CFTC’s allegations.