US court summons Binance CEO Changpeng Zhao
A US court has issued summons for Binance CEO Changpeng Zhao.
He has 21 days to respond although he doesn’t have to appear in person.
According to the court document, Zhao’s address has been given as Malta.
The US District Court in Washington, D.C. has issued a summons for Changpeng Zhao, the CEO of Binance.
Summons for CZ were issued on Wednesday, June 7, and came just two days after the US Securities and Exchange Commission (SEC) sued the Binance CEO and his crypto exchange for alleged securities violations.
According to court documents, CZ’s address is identified as Sliema, Malta. While the Binance boss isn’t obligated to appear in person, he is required to respond to the summons within 21 days.
“If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint,” the summons reads in part.
Mr. Zhao has not commented on the news development as of writing. As this is a developing story, we will update it.