SEC Flags Binance US Collateral Concerns
Tue, Sep 19, 2023 6:30 PM

SEC Flags Binance US Collateral Concerns

A Flip by Avya Verma
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The US SEC is increasing court pressure on Binance US and its related entities regarding their asset collateralization practices, which were found to be difficult to verify. They also accuse Binance of lack of transparency and several executive departures from the company, as well as allegations of violating securities laws.

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