Binance SEC lawsuit shakes up Bitcoin investors and digital asset future in the US.
TL;DR Summary
Binance and its US affiliate have seen net outflows of $790 million in the last 24 hours, according to data firm Nansen, following a lawsuit by the US Securities and Exchange Commission (SEC) alleging a "web of deception" to evade US laws. The SEC has charged Binance, its CEO Changpeng Zhao and the operator of Binance.US with artificially inflating trading volumes, diverting customer funds, failing to restrict US customers from its platform and misleading investors about its market surveillance controls. Binance has said it will defend its platform vigorously.
- Bitcoin hovers near 2-1/2 month low as Binance SEC lawsuit rattles investors Reuters
- S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators The New York Times
- Anthony Scaramucci on Binance suit: 'This is about the future of digital assets in the U.S.' CNBC Television
- Cardano Chief Fearmongers About "1984" Scenario as SEC Slaps Binance with Lawsuit U.Today
- Binance Had at Least $11.6 Billion in Revenue Between 2018 and 2021 The Wall Street Journal
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