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SEC still looking for potential FTX-style fraud at Binance.US: Report

Published 11/27/2023, 06:31 PM
Updated 11/27/2023, 08:20 PM

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.

In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the sale of unregistered securities and accused Binance and its founder of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law.

X (Twitter) post from an observer about the Binance, SEC situation. Source: X

Binance.US, SEC asked to resolve dispute

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