Changpeng Zhao (CZ), the CEO of Binance, one of the world's largest cryptocurrency exchanges, has reportedly cut ties with Chinese investors and partners following a lawsuit filed against Binance by the US Commodity Futures Trading Commission (CFTC).

The CFTC lawsuit alleges that Binance engaged in illegal trading activities and violated US securities laws. The lawsuit has raised concerns about the regulatory risks facing the cryptocurrency industry and has highlighted the need for greater transparency and accountability in the industry.

CZ's decision to cut ties with Chinese investors and partners is a response to growing pressure from Chinese regulators, who have been cracking down on cryptocurrency-related activities in recent years. The Chinese government has expressed concern about the potential risks and challenges associated with cryptocurrency trading and has taken steps to regulate and restrict the industry.

(By Varinder Singh)