Binance.US CEO Changpeng Zhao


Binance.US CEO Changpeng Zhao

Binance rejects the SEC’s allegations concerning its relationship with wallet provider Ceffu.

On Tuesday, he refuted these claims on X (formerly known as Twitter), stating: I want to clarify that Binance US has never utilized C effu or Binance Custody.

These claims are unfounded.

Ceffuu has become entangled in the ongoing dispute between the SEC and Binance.

In June, the SEC sued Binance on charges of trading unregistered securities.

It accuses the company of engaging in a complex scheme encompassing fraud, conflicts of interest, a lack of transparency, and a deliberate disregard for legal regulations.

According to SEC Chair Gary Gensler, the accusations revolved around deceptive practices intended to mislead investors.

These practices include risk management issues, trade volume manipulation, concealing vital operational information, and violations of US securities laws.

The SEC seeks further information from BAM in its recently filed motion to compel BAM.

Binance argues that the demands are overly broad

#shorts #techshorts #technews #tech #technology #SECs Allegation #Binance CEO #BAM

๐Ÿ‘‹ Feeling the vibes?

Keep the good energy going by checking out my Amazon affiliate link for some cool finds! ๐Ÿ›๏ธ

If not, consider contributing to my caffeine supply at Buy Me a Coffee โ˜•๏ธ.

Your clicks = cosmic support for more awesome content! ๐Ÿš€๐ŸŒˆ


Leave a Reply

Your email address will not be published. Required fields are marked *