Binance and its CEO, Changpeng Zhao, have been slapped with a class-action lawsuit, accusing them of unfair competition and violations of Security Exchange Commission (SEC) laws. The complaint, led by plaintiff Nir Lahav, alleges Binance’s actions were aimed at monopolizing the crypto market by intentionally harming competing trading platforms operated by FTX entities. Filed in the US Northern District Court of California, the lawsuit, pinpoints a series of actions that began with a social media post from Zhao on Nov. 6, last year. At the time, Zhao announced the liquidation of Binance’s remaining holdings of FTX ... (full story)