Binance and SEC Reach Agreement: Only Binance US to Access Customer Funds

A significant development has occurred in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance. The giant cryptocurrency exchange Binance announced an agreement made between Binance, Binance US and the SEC to ensure only Binance US employees can access customer funds. Details of the Binance-SEC Agreement: The proposed agreement, which is suggested to be signed by the federal judge overseeing the case, mandates Binance US to take steps to prevent any Binance Holdings (global cryptocurrency exchange) officials from accessing various wallets, hardware wallets, or Binance US’s Amazon Web Services tools’ root access via private keys. As part of this, all customer funds and wallet keys in Binance US will be returned and stored within U.S. borders. Binance US will also provide detailed information about the company’s expenses, including estimated company costs, in the coming weeks. This proposed agreement comes after the SEC demanded all Binance US […] The post Binance and SEC Reach Agreement: Only Binance US to Access Customer Funds appeared first on COINTURK NEWS.