Bitcoin24h $60,111.26+1.16%

Ethereum24h $1,616.17+3.13%

BNB24h $559.61+1.41%

XRP24h $1.06+2.02%

Solana24h $75.53+6.41%

TRON24h $0.3208-0.61%

Hyperliquid24h $65.44+5.62%

Dogecoin24h $0.0737+0.95%

UNUS SED LEO24h $9.52+0.90%

Zcash24h $401.86+4.43%

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Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.

Move over Pepe, these Gary Gensler memecoins have been pumping

An array of Gary Gensler-based memecoins have rallied in price, reaching incredible highs as SEC lawsuits against Binance and Coinbase unfold.

The trader placed $100K in options bets against Coinbase on Monday morning. The company’s share price dropped nearly 19% just 24 hours later.

The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.

The total number of cryptos the SEC classes as securities now totals 61. It added 16 when it charged Terraform Labs with fraud in February.