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Bitcoin, the most-traded cryptocurrency, shed 5 percent on Tuesday after the US Securities and Futures Commission announced it was suing the world’s largest digital coin exchange for allegedly sending customer funds to a company owned by its chief executive. was suing
The SEC filed 13 civil charges against Binance on Monday, including allegations that the company operated an unregistered exchange and misrepresented controls and oversight of its US unit.
According to market tracker CoinGecko, bitcoin fell 5.1 percent over the past 24 hours, while ether, the next largest coin by market capitalization, fell 4 percent. Binance Coin, the native token of the exchange, fell 9 percent.
