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Court requested for 'alternative service' as SEC fails to locate Binance CEO Changpeng Zhao

Court requested for ‘alternative service’ as SEC fails to locate Binance CEO Changpeng Zhao

The SEC is seeking “alternative service” to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance, who is rumored to be in Dubai but has no known base of operations. The SEC has also requested a “sworn accounting” from Zhao and Binance to disclose financial information, citing logistical concerns due to their inability to provide accurate information concerning Zhao’s whereabouts or the company’s location abroad. Zhao is a Chinese-born Canadian citizen who reportedly splits his time between Dubai and France.

– The SEC is seeking “alternative service” to issue a legal summons to Changpeng Zhao, the CEO of Binance, who has no known base of operations.

– The SEC has requested a “sworn accounting” from Zhao and Binance to disclose financial information.

– Zhao is a Chinese-born Canadian citizen who reportedly splits his time between Dubai and France.