Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate
On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also known as CZ. The document states that CZ must respond upon being served, and at that time, he will have 21 days to address the court. “If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint,” the court filing details.
I was told this is just part of the SEC compliant process. Nothing new.
Also told I won't have to appear in person. No need to FUD.
License.
