CZ, Binance, influencers face $1B lawsuit for unregistered securities promo

Five days after Binance and its CEO Changpeng “CZ” Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the crypto exchange, CZ and three crypto influencers for promoting unregistered securities. On March 31, the Moscowitz Law Firm and Boies Schiller Flexner filed the $1 billion…