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
MicroStrategy wipes $30B in biggest 4-day drop amid Bitcoin correction
Ethereum Targetting $6000 While ETH Whales Accumulate These 2 Altcoins With 50x Potential
On-Chain Data Suggests Emerging Altcoin Could Surpass Cardano (ADA) and Shiba Inu (SHIB) Trajectory
A smart money address bought UBC with 40 SOL yesterday and now has a floating profit of $990,000