Binance US and SEC Reach Consensus on User Funds
With the SEC and Binance US both claiming victory, the deal is ultimately a compromise, in favor of users.
BeincryptoWith the SEC and Binance US both claiming victory, the deal is ultimately a compromise, in favor of users.
BeincryptoIn addition to the CFTC lawsuit, a U.S. District Court has halted the sale of Voyager Digital.
cryptopotatoIf the deal goes through successfully, Voyager customers could recover 73% of their assets.
BeincryptoAn errant Google Forms account and an early trading launch were among the missteps that concerned team members at Binance.
decryptThe U.S. SEC and New York regulators have objected to Binance.US’s amended plan to acquire crypto lender Voyager.
TheBlockBinance US said customer assets are backed 1:1, and that the company is subject to regular audits.
cryptopotatoThe Binance CEO also said the industry allowed FTX to get too big before it started questioning its actions.
cryptopotatoThe exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future."
CointelegraphThe lawsuit could be the first of many for the U.S.-listed crypto exchanges that offered LUNA or UST to customers.
CointelegraphThe new license from Puerto Rico further strengthens Binance CEO Changpeng Zhao's vision to be licensed everywhere.
Cointelegraph