SEC Still Looking for Potential FTX-Style Fraud on Binance.US: Report

Binance.US lawyer Matthew The rock has request A federal judge has consider putting A END has THE DRY investigation For potential fraud.

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THE United States Securities And Exchange Commission East always look For evidence that Binance.US had A back door has potentially control customer assets In A similar style has FTX, according to has A Nov. 27 report by THE Wall Street Journal.

In June, THE SECOND deposit A trial against Binance And Binance.US, alleging that THE exchange was implied In THE sale of not registered securities And accused Binance And It is founder of participant In A complex conspiracy that implied fraud, Conflicts of interest, A lack of disclosure And deliberate contempt For THE law.

A of THE allegations was that THE exchange diverted customer assets has their discretion, including Sending in progress money has THE Based in Switzerland Sigma Chain below that was that of Zhao control.

During A Nov. 27 hearing In federal court, Lawyers For Binance.US would have argued THE securities regulator has No evidence that assets to have has been badly used, ask WE. Magistrate Judge Zia Faruqui has consider cease THE securities of the regulator investigation For potential fraud.

X (Twitter) job Since A observer about THE Binance, SECOND situation. Source: X