The USA Securities and Change Fee (SEC) has filed a criticism towards Binanceits US-based buying and selling entity and its CEO, Changpeng “CZ” Zhao, for violating securities legal guidelines.
On June 5, the SEC filed 13 prices towards Binance within the U.S. District Courtroom for the District of Columbia over allegations that the corporate misled traders and misappropriated buyer funds. The accusations of mishandling consumer funds and violating US banking rules have been first reported in a report printed by Reuters the final week of Might. On the time, Binance refuted all of the allegations, name the report an inventory of conspiracy theories.
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