Posted 3/5/2024, 9:15:00 PM
SEC Probes Binance.US Over Customer Fund Controls and Access
- SEC alleges Binance.US not fully complying with requests for info on customer assets and access controls
- SEC questions whether Binance global employees can access US customer funds
- Binance.US says it has complied with obligations, while SEC says more discovery needed
- SEC cites evidence Binance Holdings employees still control some Binance.US wallet infrastructure
- Binance.US pushes back, says SEC discovery requests exceed consent order scope
