Crypto giant Binance sued by the SEC

The allegations takes place as founder Changpeng Zhao ignored the rules meant to protect investors to keep operating in the US.

Crypto giant Binance has been accused of engaging in a "web of deception" as it was hit with another lawsuit by US financial regulators. The top US financial watchdog - the Securities and Exchange Commission has charged it for breaking the country's investment laws.

(Picture: Binance. Picture credit: Getty Images)