THE HASH: SEC Sues Binance CEO Zhao Over Alleged Securities Violation While Teng Is Appointed to New Role

THE HASH: SEC Sues Binance CEO Zhao Over Alleged Securities Violation While Teng Is Appointed to New Role

This episode is sponsored by PayPal The most valuable crypto stories for Monday, June 5, 2023. "The Hash" unpacks today's top stories moving the crypto markets: The Securities and Exchange Commission (SEC) sued crypto exchange Binance and its CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws Monday. Meanwhile, Richard Teng has been appointed to oversee Binance’s regional markets outside the U.S. Plus, centralized storage and wallet service Atomic Wallet was drained of nearly $35 million worth of various tokens. And, Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador. See also: SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao Over Multiple Securities Violation Allegations El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto. - This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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