TechFlow news — On Tuesday, June 7, the U.S. Securities and Exchange Commission (SEC) filed a court document requesting approval for a temporary restraining order to freeze assets related to Binance US.
The proposed order would freeze assets held by Binance US’s parent and operating entities, BAM Management US Holdings and BAM Trading Services.
If approved, Binance would be required to ensure within five days that only Binance US has access to customer funds, and to transfer all customer assets into new wallets accessible solely by Binance US within 30 days. This move would require Binance to take measures protecting customer assets and ensuring they remain unaffected. We will continue to monitor developments in this matter.
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