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Binance and SEC reach agreement on US customer funds and wallet keys.

1 min read
Source: Reuters
Binance and SEC reach agreement on US customer funds and wallet keys.
Photo: Reuters
TL;DR

Binance and the US SEC have agreed that only Binance.US employees will have access to customer funds in the short term. Binance.US will take steps to ensure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root access to Binance.US's Amazon Web Services tools. The proposed agreement comes after the SEC sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator last week.

Topics:businesscryptocurrency#agreement#binance#cryptocurrency#customer-funds#sec#us-employees
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  1. Binance, SEC strike deal to move all US customer funds, wallet keys back onshore - CoinDesk  Reuters
  2. Binance.US Cuts Workers After SEC Lawsuit  Bloomberg Television
  3. Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore  CoinDesk
  4. Gravitas: US regulators crackdown on cryptocurrency exchanges  WION
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