Binance.US Says User Funds "Stay Safe" Despite SEC's Attempt to Freeze Assets
The U.S.-based exchange said it was "fully operational" and called the Securities and Exchange Commission's motion a '"unjustified".
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Cryptocurrency exchange Binance.US has tried to assuage possible unrest among its users following a motion from the US securities regulator to freeze its assets "on an expedited basis ".
In a June 6 tweet, Binance.US reiterated that “user assets remain safe and secure” and added that the platform “continues to be fully operational with deposits and withdrawals operating as normal.”< /p>
Earlier on June 6, the SEC filed an emergency motion in the U.S. District Court for the District of Columbia seeking a temporary restraining order against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ ), requiring eight actions.
This afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against https://t.co/AZwoBOgsqS attempting, among other things, freezing the assets of the company https://t.co/AZwoBOgsqS. User assets remain safe and secure and the platform continues to be fully…
— Binance.US (@BinanceUS) June 6, 2023Actions requested include freezing Binance.US assets and repatriating fiat and cryptocurrencies held by or for the benefit of US clients. In addition, the motion prohibits defendants from destroying, altering or concealing documents and imposes other sets of conditions on discovery.
Some members of the crypto community shared...
The U.S.-based exchange said it was "fully operational" and called the Securities and Exchange Commission's motion a '"unjustified".
News
Join us on social networks
Cryptocurrency exchange Binance.US has tried to assuage possible unrest among its users following a motion from the US securities regulator to freeze its assets "on an expedited basis ".
In a June 6 tweet, Binance.US reiterated that “user assets remain safe and secure” and added that the platform “continues to be fully operational with deposits and withdrawals operating as normal.”< /p>
Earlier on June 6, the SEC filed an emergency motion in the U.S. District Court for the District of Columbia seeking a temporary restraining order against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ ), requiring eight actions.
This afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against https://t.co/AZwoBOgsqS attempting, among other things, freezing the assets of the company https://t.co/AZwoBOgsqS. User assets remain safe and secure and the platform continues to be fully…
— Binance.US (@BinanceUS) June 6, 2023Actions requested include freezing Binance.US assets and repatriating fiat and cryptocurrencies held by or for the benefit of US clients. In addition, the motion prohibits defendants from destroying, altering or concealing documents and imposes other sets of conditions on discovery.
Some members of the crypto community shared...
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