2 years ago
The U.S. Securities and Exchange Commission (SEC) filed a question requesting a restraining bid against Binance.US connected June 6.
That petition specifically asks the tribunal to frost the assets of Binance.US’s genitor companies, which are collectively operating nether the sanction BAM. The SEC’s question besides seeks to person Binance.US funds returned to customers alongside different relief.
Furthermore, SEC has asked Binance, Binance.US-related companies, and Binance CEO Changpeng Zhao to amusement wherefore a preliminary injunction should not beryllium entered. This means that the regulator wants restrictions imposed earlier the trial.
The SEC besides aims to person the defendants compelled to supply definite accusation and prevented from destroying, concealing, oregon altering records.
The securities regulator said that these actions are needed rapidly successful bid to guarantee lawsuit safety. It said that the defendants violated and disregarded U.S. laws for years. It noted that galore questions stay unfastened astir intercompany transactions and said that immoderate defendants assertion they are not nether the court’s jurisdiction.
The SEC originally filed charges against Binance.US and related parties connected June 5.
The station SEC requests restraining bid to temporarily frost Binance.US assets appeared archetypal connected CryptoSlate.
English (US) 