Binance Counterattacks SEC with Lawsuit Citing Misleading Claims

Binance, the world’s largest cryptocurrency exchange by trading volume, has gone on the offensive. It appears that it’s now Binance’s turn after a lawsuit filed against Binance by the U.S. Securities and Exchange Commission (SEC). The lawsuit filed by Binance US and its legal team emphasizes that the SEC has misled people and used misleading statements. SEC Sued by Binance In the lawsuit against Binance, the SEC had claimed that the separate company known as Binance US worked for Binance Global and that there was a flow of customer funds to Binance Global when they should be kept separate. After causing an emergency fund freezing decision under this context, the SEC was surprised when the decision was partially overturned. It seems the Binance US team has begun to pursue these misleading statements. SEC’s director Gurbir S. Grewal had conveyed that Binance and its CEO Changpeng Zhao used customer funds and […] The post Binance Counterattacks SEC with Lawsuit Citing Misleading Claims appeared first on COINTURK NEWS.