Description
The CFTC sues Binance and its CEO Changpeng Zhao, accusing the crypto exchange platform of willfully violating U.S. law by ignoring potential money laundering and terrorist financing on its platform.
Legal Significance
A Federal Judge approves the CFTC’s $2.7B settlement with Binance Holdings Ltd. and $150M settlement with its found Zhao.
Status
Settled
Case No.
1:23-cv-01887
Date Filed
March 27, 2023
Plaintiff
CFTC
Defendant
Changpeng ZhaoBinance Holdings LimitedBinance Holdings (IE) LimitedBinance (Services) Holdings LimitedSamuel Lim
Court
USDC Northern District of Illinois
Plaintiff Counsel
Candice R. HaanElizabeth N. PendletonKatherine Shannon PaulsonRobert Thomas Howell IIIScott Robert WilliamsonJoseph Platt
Defendant Counsel
Latham & Watkins LLPGibson Dunn & Crutcher LLPRiley Safer Holmes & Cancila LLPMoloLamken LLP
Major Filings
Related Developments
CFTC v. 1Pool
CFTC v. 1Pool
Settled
CFTC v. Binance
CFTC v. Binance
Settled
CFTC v. Celsius
CFTC v. Celsius
Complaint Filed
CFTC v. Coin Drop Markets
CFTC v. Coin Drop Markets
Settled
CFTC v. Coinflip
CFTC v. Coinflip
Complaint Filed
CFTC v. Debiex
CFTC v. Debiex
Complaint Filed
CFTC v. Deridex
CFTC v. Deridex
Settled
CFTC v. Falcon Labs, Ltd.
CFTC v. Falcon Labs, Ltd.
Settled
CFTC v. Mek Global Ltd.
CFTC v. Mek Global Ltd.
Complaint Filed
CFTC v. Ooki DAO
CFTC v. Ooki DAO
Settled
CFTC v. Opyn
CFTC v. Opyn
Settled
CFTC/FTC v. Voyager
CFTC/FTC v. Voyager
Motion to Dismiss
Coin Center v. Dept. Treasury (re: Tornado Cash Enforcement)
Coin Center v. Dept. Treasury (re: Tornado Cash Enforcement)
Appeal
Consensys Software Inc. v. SEC
Consensys Software Inc. v. SEC
Motion to Dismiss
FTC v. Celsius
FTC v. Celsius
Motion to Dismiss
FTX Bankruptcy
FTX Bankruptcy
Complaint Filed
Grayscale v. SEC
Grayscale v. SEC
Settled
Harper v. O’Neal (Shaq Class Action)
Harper v. O’Neal (Shaq Class Action)
Motion to Dismiss
Holland v. CryptoZoo
Holland v. CryptoZoo
Motion to Dismiss
Hunichen v. Atonomi LLC (Atonomi Class Action)
Hunichen v. Atonomi LLC (Atonomi Class Action)
Settled
In Re Ripple Labs Inc. Litigation
In Re Ripple Labs Inc. Litigation
Motion to Dismiss
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Complaint Filed
Kent v. PoolTogether
Kent v. PoolTogether
Dismissed
Lahav v. Binance Holdings Limited (Binance Class Action)
Lahav v. Binance Holdings Limited (Binance Class Action)
Complaint Filed
Messieh v. HDR Global Trading Ltd. (BitMEX)
Messieh v. HDR Global Trading Ltd. (BitMEX)
Motion to Dismiss
Moeller-Bertram v. Gemini
Moeller-Bertram v. Gemini
Dismissed
OFAC v. Bitpay, Inc.
OFAC v. Bitpay, Inc.
Settled
OFAC v. CoinList Markets
OFAC v. CoinList Markets
Settled
Owen v. Elastos Foundation (Elastos Class Action)
Owen v. Elastos Foundation (Elastos Class Action)
Settled
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Motion to Dismiss
Raanan v. Binance
Raanan v. Binance
Motion to Dismiss
Risley v. Uniswap Labs (Uniswap Class Action)
Risley v. Uniswap Labs (Uniswap Class Action)
Appeal
Rostami v. Open Props Inc.
Rostami v. Open Props Inc.
Dismissed
SEC v. 1Pool
SEC v. 1Pool
Settled
SEC v. Arbitrade
SEC v. Arbitrade
Motion to Dismiss
SEC v. BarnBridge DAO
SEC v. BarnBridge DAO
Settled
SEC v. Beaxy
SEC v. Beaxy
Settled
SEC v. Binance
SEC v. Binance
Motion to Dismiss
SEC v. BitConnect
SEC v. BitConnect
Complaint Filed
SEC v. Bitqyck
SEC v. Bitqyck
Settled
SEC v. Bittrex
SEC v. Bittrex
Settled
SEC v. Caroline & Gary Wang (FTX)
SEC v. Caroline & Gary Wang (FTX)
Settled
SEC v. Celsius
SEC v. Celsius
Settled
SEC v. Coinbase
SEC v. Coinbase
Appeal
SEC v. CoinDeal
SEC v. CoinDeal
Settled
SEC v. Coinseed
SEC v. Coinseed
Settled
SEC v. Dragonchain
SEC v. Dragonchain
Complaint Filed
SEC v. Dropil
SEC v. Dropil
Settled
SEC v. Gemini
SEC v. Gemini
Complaint Filed
SEC v. Green United
SEC v. Green United
Motion to Dismiss
SEC v. Grybniak et al
SEC v. Grybniak et al
Complaint Filed
SEC v. Kik
SEC v. Kik
Settled
SEC v. Lee (Bitcoin Beautee)
SEC v. Lee (Bitcoin Beautee)
Complaint Filed
SEC v. Meta 1 Coin Trust
SEC v. Meta 1 Coin Trust
Settled
SEC v. Payward
SEC v. Payward
Motion to Dismiss
SEC v. Ripple
SEC v. Ripple
Settled
SEC v. SBF
SEC v. SBF
Complaint Filed
SEC v. Sharma et al
SEC v. Sharma et al
Settled
SEC v. Shopin
SEC v. Shopin
Settled
SEC v. SoluTech
SEC v. SoluTech
Cease-and-Desist
SEC v. Sparkster
SEC v. Sparkster
Cease-and-Desist
SEC v. Thor
SEC v. Thor
Settled
SEC v. Tomahawk
SEC v. Tomahawk
Settled
SEC v. Uulala
SEC v. Uulala
Settled
SEC v. Veritaseu
SEC v. Veritaseu
Settled
Singh v. Illusory Systems (Nomad Bridge Hack Civil Case)
Singh v. Illusory Systems (Nomad Bridge Hack Civil Case)
Motion to Dismiss
Sizemore v. Zhao (Binance Class Action)
Sizemore v. Zhao (Binance Class Action)
Motion to Dismiss
Teed v. Chen
Teed v. Chen
Motion to Dismiss
Thomson vs. Persistance Technologies
Thomson vs. Persistance Technologies
Complaint Filed
Tornado Cash v. Department of Treasury
Tornado Cash v. Department of Treasury
Settled
Underwood v. Coinbase Global Inc.
Underwood v. Coinbase Global Inc.
Settled
USA v. Binance
USA v. Binance
Settled
USA v. Eisenberg
USA v. Eisenberg
Complaint Filed
USA v. Faiella aka “BTCKing”
USA v. Faiella aka “BTCKing”
Settled
USA v. Flashdot Ltd.
USA v. Flashdot Ltd.
Complaint Filed
USA v. Harmon (1)
USA v. Harmon (1)
Settled
USA v. Harmon (2)
USA v. Harmon (2)
Complaint Filed
USA v. Hayes
USA v. Hayes
Settled
USA v. HDR Global Trading Limited (BitMEX)
USA v. HDR Global Trading Limited (BitMEX)
Complaint Filed
USA v. Kane
USA v. Kane
Appeal
USA v. Karony (SafeMoon)
USA v. Karony (SafeMoon)
Motion to Dismiss
USA v. Murgio
USA v. Murgio
Settled
USA v. Quoc Nguyen
USA v. Quoc Nguyen
Complaint Filed
USA v. Rodriguez
USA v. Rodriguez
Complaint Filed
USA v. Schaback
USA v. Schaback
Settled
USA v. Scotese
USA v. Scotese
Settled
USA v. Sterlingov
USA v. Sterlingov
Motion to Dismiss
USA v. Storm (Tornado Cash Developer Indictment)
USA v. Storm (Tornado Cash Developer Indictment)
Motion to Dismiss
USA v. Todd (Digitex Futures)
USA v. Todd (Digitex Futures)
Settled
USA v. Zhao
USA v. Zhao
Settled
Van Loon v. TREA
Van Loon v. TREA
Appeal
Williams v. Binance
Williams v. Binance
Complaint Filed