US District Court issues summons for Binance CEO Changpeng Zhao over SEC action
The United States District Court in Washington, D.C. has issued a summons for Binance CEO Changpeng Zhao on June 7, just two days after the Securities and Exchange Commission (SEC) formally sued the exchange for alleged unregistered securities operations.
"A lawsuit has been filed against you," the summons read.
NEW: @binance CEO @cz_binance has been order to respond/answer the summons of a U.S. District Court along with the other entities named in the case.
He does not have to appear in person but respond within the time frame below https://t.co/UipLm9TRye
— Eleanor Terrett (@EleanorTerrett) June 7, 2023While details are scarce at this time, the summons viewed by Cointelegraph did not appear to have been marked as served, and an immediate request for information was not returned by the SEC or Binance.
Once served, per the document, Binance and its CEO will have 21 days to respond. "If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint."
This is a developing story, and further information will be added as it becomes available.