The SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao

[jesuschrist]

SEC.gov | SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao

www.sec.gov

Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities.

"The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao."
That's a criminal offense.

This will be fun to watch.

In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.”
Source:

https://twitter.com/i/web/status/1665748594421297152

 

[jafo]

This will be fun to watch.

In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.

ROTFLMAO! Yes! This will be fun to read the filings on PACER.

There are NO mutes in prison!
- Copyright 2023 by Jafo!

 

[troubled soul]

It SBF vs CZ fight round two........SBF doing something from his parent's home

 

[Martin Everson]

Why oh why do foreign businesses continue to insist on offering any sort of financial services in U.S or to U.S persons. Me I don't even touch dollars as they can literally get you on anything. I shake my head when I see Revolut or even Wise etc expand into U.S market.

Still waiting for below to play out.

Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.

www.reuters.com

P.S Yes SBF strikes back