CZ filing says SEC can’t tell securities from Beanie Babies
Former Binance CEO Changpeng Zhao described the SEC's amended lawsuit as "moot" and "meritless" and seeks to avoid disgorgement costs.
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Former Binance CEO Changpeng Zhao described the SEC's amended lawsuit as "moot" and "meritless" and seeks to avoid disgorgement costs.
Read more (2 min) →A federal judge rejected the majority of Binance's grievances with the SEC lawsuit but did allow it three small victories.
Binance US is reportedly struggling to find new banking partners and has fewer than five market makers after being partnered with 20.
The multi-billion dollar SEC v. Binance lawsuit is advancing rapidly. The SEC just filed its opposition to Binance’s motion to dismiss.
Binance US continues to rely on Binance software and accounts for custody of customer cryptocurrency assets.
Protos has been told that several European countries have been spurred into action after Binance was indicted by the SEC earlier this month.
While the civil charges brought by the SEC against Binance and FTX are unique to each business, there are still some striking similarities.
Binance was indicted by the SEC in June and was accused of commingling funds into accounts at entities run by Binance CEO Changpeng Zhao.
Binance says Gary Gensler approached the firm in 2019 and served as an "informal adviser" but internal messages paint another picture.
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.