US Regulator Sues China-based Crypto Exchange Binance

The world's largest crypto exchange is being sued by a U.S. financial regulator. The Chinese company, Binance, and its founder Changpeng Zhao are accused of illegally operating in the U.S. -- and running what the regulator called a 'sham' compliance program. This comes as Chinese-owned short video app Tiktok remains in the hot seat. Here are the details.