Front Burner

Binance and its Canadian CEO sued in major crypto case

The biggest crypto exchange in the world is being sued by an American regulator accusing Binance and its Canadian billionaire founder of breaking a string of laws and misusing investor funds.
The CEO and founder of crypto trading firm Binance is shown wearing a sweater bearing his company's logo.
Zhao Changpeng, chief executive officer of Binance, speaks during a Bloomberg Television interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. (Akio Kon/Bloomberg)

The biggest crypto exchange in the world is being sued by an American regulator accusing Binance and its Canadian billionaire founder of breaking a string of laws and misusing investor funds. Changpeng Zhao and his company say they will fight back "vigorously." 

Today on Front Burner, Jacob Silverman, who you may know from our podcast The Naked Emperor, joins us to talk about what all this means for crypto's future.