The US subsidiary of Binance, the world’s largest cryptocurrency exchange He claimed that Binance.US made misleading statements during the SEC’s litigation process.
After the SEC’s lawsuit against Binance, things do not settle down. Binance.US, U.S. Securities and Exchange Commission (SEC) litigation process wrong And manipulated with misleading statements suggested. Binance CEO Changpeng Zhao (CZ) posted on Twitter: in the shipmentquoting a news sharing that confirms the claim made.
According to the statements in the news in question, Binance.US and the legal team of the stock exchange, bluntly denying the SEC’s accusations He said that the commission carried out the process with misleading statements.
Binance.US and its legal team agree that the SEC’s disclosures it’s baseless explained in the following terms:
The SEC’s press release appears to have been designed to create unwarranted confusion in the market that could have the effect of harming BAM customers rather than protecting them. It also risks tarnishing the jury pool with misleading descriptions of evidence regarding Defendants.
If Binance.US’s application to the court is approved by the judge, the SEC’s “misleading” public disclosure of these statements may be prevented..
Including selling unregistered securities to SEC Binance for 13 different crimes had sued. These statements of the SEC, which stated that Binance.US interfered with user funds during the lawsuit, were denied by the Binance front. Binance.US, 21 JuneIn its application to the court in allegations of user funds being tampered with behind there is no evidence specified.
The SEC, Binance, and CEO Changpeng Zhao’s forensic analysis of the corporate network’s bank statements Zhao of $12 billionto the company and of $162 million in Singapore Guangying Chen a controlled to the company has been sent had put forth.