Binance v SEC Lawsuit Update September 17: Problems With Documentation and More

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Binance.US has slashed around a third of its staff amidst legal action from US regulators.

The US Securities and Exchange Commission has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery.

In a new twist to the ongoing courtroom drama, the SEC has alleged Binance of not cooperating in the ongoing probe, according to theFurthermore, the financial regulator also claimed that BAM has refused to make essential witnesses available for deposition. Instead, the entity chose to provide only four depositions of witnesses that it had independently selected.

The SEC also voiced concerns about Binance.US’s use of Ceffu, a custody service offered by Binance’s international arm – Binance Holdings Ltd – which appeared to be in violation of a previous agreement designed to prevent the transfer of assets abroad.

Source: Law Daily Report (


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC reverses decision on sealing, redacting some documents in Binance.US caseDistrict Court Magistrate Judge Zia Faruqui has ordered sealed documents in the Securities and Exchange Commission’s case against Binance.US unsealed.
Source: Cointelegraph - 🏆 562. / 51 Read more »

SEC says it's not getting what it needs from Binance.USThe SEC says Binance.US is not cooperating with its investigation and has only produced just 220 documents.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Binance CEO responds to rumors, says US executive is 'taking a deserved break'The slew of recent departures at Binance.US comes as Binance faces lawsuits from the SEC and CFTC.
Source: Cointelegraph - 🏆 562. / 51 Read more »

[RE-AIR] Binance.US Reportedly Loses Two More High-Level Execs; State of Crypto VC FundingThe Wall Street Journal reports another two executives are leaving Binance.US. CoinFund managing partner David Pakman weighs in on the state of venture capital funding for crypto startups as bitcoin (BTC) sees a 60% rally in 2023. Fireblocks CEO Michael Shaulov discusses offering its long list of fintech and corporate clients a non-custodial wallet service. And, Story Protocol co-founder Jason Zhao reacts to the future of artificial intelligence in Hollywood.
Source: CoinDesk - 🏆 291. / 63 Read more »

Ripple's Ex-General Counsel Joining Binance.US Is 'Positive Sign': Pro-XRP LawyerSome industry experts view Reed's move as potentially stabilizing force for beleaguered company
Source: Utoday_en - 🏆 295. / 63 Read more »

CZ Addresses FUD After Binance.US Boss Quits, Shares What Will Save Binance in This Bear MarketHead of Binance has published X post commenting on recent departure of another high-ranked executive
Source: Utoday_en - 🏆 295. / 63 Read more »