Changpeng Zhao, founder and CEO of Binance, waves as he arrives on stage for a panel session on the second day at the VivaTech Conference in Paris, June 16, 2022.
PARIS — Days before French police visited Binance's Paris office, the crypto exchange's top French executive dismissed concerns about U.S. regulatory charges affecting Binance's other operations, comparing them with the flapping of a butterfly's wings.
Just days before the raid, CNBC asked Binance France President David Prinçay if he was concerned about charges from the top two U.S. financial regulators against the exchange.
Binance's founder, Zhao, dismissed the police statement and reporting as "FUD," claiming it was a "surprise on-site" inspection that was "the norm."
Binance faces over a dozen charges from the SEC and a similar slate of allegations from the Commodity Futures Trading Commission.
Persons:
Changpeng Zhao, Le Monde, Binance, David Prinçay, Prinçay, Changpeng Zhao's, Binance France's, Zhao
Organizations:
VivaTech Conference, Le, CNBC, U.S . Securities, Exchange Commission, SEC, Futures Trading Commission, of Justice
Locations:
Paris, PARIS, Binance's Paris, U.S, Europe, French, European