2023-06-07 02:32:01
On Tuesday, the US Securities and Exchange Commission asked a federal court to issue an order to freeze the assets of cryptocurrency exchange Binance in the United States.
The request comes a day following US regulators sued Binance and its CEO Changping Zhao for allegedly running a “deception network”.
In its lawsuit, the authority accused Binance of evading regulatory oversight and ignoring US laws.
Binance said the lawsuit concerned Binance’s assets in the United States, and the company is headquartered in the Cayman Islands.
Binance added that the dealers’ assets will remain safe, and the platform will continue normal deposits and withdrawals, stressing that it will defend itself in court, describing the US Securities and Exchange Commission’s lawsuit as “unjustified.”
On Monday, the authority had accused the Binance platform of inflating its trading volumes, diverting customer funds, not preventing Americans from trading, and misleading investors.
(Archyde.com)
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