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Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
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SEC lawsuit: What’s next for Binance?
The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.
Binance controlled its US arm’s bank accounts for two years: Reuters
Bank records and company DMs reveal that Binance US had no control over its own bank accounts held at Silvergate between 2019 and 2020.
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