Binance CEO CZ Denies SEC Misleading Allegations, Files Lawsuit
Binance Denies SEC Allegations Binance and its legal team – in a June 21 filing in the US District Court for the District of Columbia – allege that the SEC issued misleading statements regarding the handling of customer assets. According to Gurbir S. Grewal, Director of the SEC’s Division of Enforcement: advertisement Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets. While referring to Grewal’s statements, lawsuit highlights that the SEC has no evidence that the exchange commingled customers’ assets or diverted the assets at will. Also Read: CZ Applauds New Crypto Exchange.. Recommended Articles Crypto Presale Proj...