SEC Probes Binance US Over Transfers to Firms Tied to CZ Zhao
- Binance US received questions from SEC about money transfers between affiliates
- $250M loan from BAM Management to CZ Zhao, used to buy BUSD from Paxos
- BUSD converted to USD and sent to BAM Trading
- SEC investigating links between Binance US and global Binance exchange
- Previous reports of Binance US sending $400M to firm managed by CZ Zhao
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2023/06/binance-us-gID_7.jpg)