Crypto Exchange CEO Disputes Report He Took $250M Loan, Says He Actually Lent Money
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Changpeng Zhao disputed a report claiming he took a $250M loan from BAM Management. He says he actually loaned $250M to BAM.
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The disputed report came from court documents related to a Binance vs SEC lawsuit.
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Zhao posted on X saying the report got the "direction wrong" and there's lots of wrong information.
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The SEC claims it's struggling to get info from Binance amid the legal battle. A judge recently denied the SEC's motion to inspect Binance.
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The original text covers Zhao's rebuttal, background on the Binance/SEC lawsuit, and recent court developments.
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