The move comes as US regulators ramp up their regulation of the cryptocurrency industry.
US regulators have accused the major cryptocurrency exchange Binance of violating "numerous" US financial laws, ramping up their crackdown on the crypto industry.The lawsuit also accused the company of failing to follow "know your customer" rules intended to thwart money laundering.
Founded in 2017, the company is now the world's largest centralised exchange for digital assets, claiming more than 100 million users globally. It is led by Chinese-born Canadian billionaire Changpeng Zhao, who was also named in the complaint. In 2021, the firm announced it was tightening its rules. But at the same time, the CFTC said it advised US-based customers on how to evade those controls using virtual private networks and shell companies.It asked the US court for restitution and fines, as well as orders limiting Binance's activity.
Around the time the lawsuit was announced, Mr Zhao posted on Twitter a message that read "4" - apparently referring followers back to advice in an earlier post urging people to "ignore .... fake news, attacks, etc."
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