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Binance still using Ethereum account suspected of commingling funds

Binance was indicted by the SEC in June and was accused of commingling funds into accounts at entities run by Binance CEO Changpeng Zhao.

Opaque DeFi protocol Venus braces for $150M BNB liquidation

DeFi lender Venus has a plan for a potential major liquidation of BNB made by hackers last year… but dodgy finances plague the protocol.

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Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.

In its lawsuit against Binance, the SEC has clearly explained for the second time how a stablecoin can be offered to investors as a security.