6/5, 5:49 PM (Source: TeleTrader)
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Bitcoin sinks to 11-week low as SEC sues Binance

The world's leading cryptocurrencies sank on Monday following the news that the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance Holdings Ltd., and its Chief Executive Officer Changpeng Zhao (CZ) over the suspected improper management of customer funds.

At 12:20 pm ET, Bitcoin plunged 4.85% to trade at $25,833.720, falling to its lowest level since mid-March. Ether dropped 4.36%, selling at $1,808.420 a minute later.

Baha Breaking News (BBN) / AB