TechFlow news — According to the Wall Street Journal, the SEC is still seeking evidence that Binance and its founder Changpeng Zhao may have had a backdoor allowing them to control assets held on Binance.US.
In June, the SEC sued Binance and Binance.US, accusing them of operating an unregistered securities exchange. The SEC hopes to uncover evidence showing that Binance engaged in fraud similar to FTX. Last week, Binance and Zhao pleaded guilty to criminal charges brought by the U.S. Department of Justice; however, the DOJ did not allege that Binance misused customer crypto assets.
Add to Favorites
Share to Social Media
