Binance US still relies on Binance for custody through Ceffu
Binance US continues to rely on Binance software and accounts for custody of customer cryptocurrency assets.
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Binance US continues to rely on Binance software and accounts for custody of customer cryptocurrency assets.
Read more (2 min) →— Binance US, SEC
Banks partnered with Binance US are jumping ship. In a tweet, the crypto exchange warned users US dollar withdrawals and deposits are over.
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.