Crypto exchange Binance has denied an allegation that its founder breached an exclusivity agreement with VC firm Sequoia Capital. : Zhao Changpeng, the founder of Binance, one of the world's largest cryptocurrency exchanges by trading volume, has denied an allegation that he breached an exclusivity agreement with a noted VC firm while negotiating over a potential investment. In a blog post published Thursday, Binance issued a response to a report yesterday which revealed that Zhao is currently facing a lawsuit filed with the Hong Kong High Court by venture capital giant Sequoia Capital.