WSJ: SEC Still Seeking More Evidence of Binance.US Fraud
According to the US Securities and Exchange Commission (SEC), they are still looking for evidence to determine whether Binance and its founder CZ have a backdoor to control assets stored on the Binance.US platform.
In June, the US Securities and Exchange Commission sued Binance and Binance.US, accusing them of operating an illegal securities exchange, and their lawsuit has so far relied on the agency's concerns that Binance may have embezzled US encrypted assets using fraud similar to FTX.
Binance and CZ admitted to criminal charges last week and essentially resolved a long-standing US investigation related to anti-money laundering controls and compliance with sanctions laws, but the Department of Justice's case did not include allegations of Binance's abuse of its clients' encrypted assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Visionary or 'financial comedy'? Market participants weigh MicroStrategy's stock premium amid bitcoin buying spree
MicroStrategy, with a market cap of around $85 billion, currently holds 331,200 bitcoin worth about $30 billion.The stock’s 440% year-to-date surge has baffled some financial pundits, while others have cheered its corporate strategy.
Congress’s top priorities this lame duck session
Here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
BTC breaks through $94,000
Trending news
MoreCrypto prices
More
