SEC claims Binance spent commingled funds on $11M yacht

Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.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.
Wyre is a payment processor used by crypto firms but its legal terms reference one company that’s dissolved and another that’s liquidated.
Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.
The Ledger Labs security report on the 2016 Bitfinex hack reportedly claims that the ‘Giancarlo’ and ‘admin’ keys were on the same device.