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The US Securities and Alternate Fee (SEC) has filed expenses in opposition to Binance, its U.S.-based change entity and its CEO, Changpeng “CZ” Zhao, for violating securities legal guidelines.
On June 5, the SEC filed 13 expenses in opposition to Binance within the U.S. District Court docket for the District of Columbia over allegations that the corporate misled traders and misused buyer funds. The accusations of mishandling prospects’ funds and violations of U.S. banking laws had been first flagged in a report revealed by Reuters within the final week of Might. On the time, Binance had refuted all allegations, calling the report an inventory of conspiracy theories.
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