The Securities and Exchange Commission (SEC) has been exploring alternative methods to deliver legal documents to Changpeng Zhao, the CEO of Binance, after unsuccessful attempts to serve him with a subpoena. The SEC is investigating Binance, one of the world’s largest cryptocurrency exchanges, for possible violations of securities laws.

According to reports, the SEC has been trying to serve Zhao with a subpoena since last year, but has been unsuccessful in its attempts. The agency has reportedly tried to reach Zhao through his lawyers, as well as through email and social media, but has not received a response.

As a result, the SEC has been exploring alternative methods to deliver the subpoena, including serving it to Binance’s registered agent in the United States or through the Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents.

The SEC’s investigation into Binance is focused on whether the exchange allowed US residents to trade derivatives that are not registered with the agency. The agency has also reportedly been looking into whether Binance has failed to comply with anti-money laundering regulations.

Binance has denied any wrongdoing and has said that it is cooperating with the SEC’s investigation. In a statement released earlier this year, the exchange said that it “takes its legal obligations very seriously and engages with regulators and law enforcement in a collaborative fashion.”

The SEC’s investigation into Binance is part of a broader crackdown on cryptocurrency exchanges and other companies involved in the digital asset industry. The agency has been stepping up its enforcement efforts in recent years, as it seeks to protect investors and ensure that companies are complying with securities laws.

In addition to its investigation into Binance, the SEC has also been looking into other cryptocurrency exchanges, including Coinbase and Kraken. The agency has also issued warnings to investors about the risks associated with investing in cryptocurrencies.

Overall, the SEC’s exploration of alternative methods to deliver legal documents to Changpeng Zhao highlights the agency’s commitment to enforcing securities laws in the digital asset industry. As the industry continues to grow and evolve, it is likely that the SEC will continue to play a key role in regulating it and protecting investors.


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