In a groundbreaking case, the Securities and Exchange Commission (S.E.C.) has leveled serious accusations against Binance, the largest cryptocurrency exchange in the world. The S.E.C. alleges that Binance mishandled customer funds, deceived regulators, and lied to investors about its operational practices. The explosive claims assert that Binance commingled "billions of dollars" belonging to customers and covertly transferred them to a separate company under the control of Binance's founder, Changpeng Zhao. This video sheds light on the significant legal battle unfolding between Binance and the S.E.C., revealing the potential repercussions for the cryptocurrency industry as a whole.
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https://www.nytimes.com/2023/06/05/business/sec-binance-charges.html
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https://www.nytimes.com/2023/06/05/business/sec-binance-charges.html
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