SEC Seeks ‘Alternative Means’ to Serve Papers to Binance’s Zhao
- The agency implied that Binance and its CEO are hard to locate
- The SEC sued Binance and Zhao for securities violations Monday
This article is for subscribers only.
The US Securities and Exchange Commission asked a federal court for permission to use “alternative means” to serve papers to Binance Holding Ltd. and Changpeng Zhao, noting that the crypto executive is “famously protective of revealing his whereabouts.”
The agency, which sued the world’s largest digital-asset exchange and Zhao for securities violations on Monday, asked the District Court in the District of Columbia to allow it serve any legal papers by sending copies of the documents to the attorneys who represented Binance and Zhao during the investigation that led to the legal case.