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- The Securities and Exchange Commission (SEC) has filed an emergency action application seeking a temporary restraining order to freeze assets of Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao. The goal is to protect Binance.US customers’ assets and ensure they remain in the United States during the resolution of the SEC’s pending litigation against Binance1. The SEC alleges that Binance and its founder have demonstrated a "disregard" for U.S. law2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao, to ensure...
www.sec.gov/news/press-release/2023-103The SEC has requested an emergency order from a federal judge in Washington, D.C., to freeze the assets of Binance's U.S. subsidiary, known as Binance.US. The SEC alleges Binance and its founder, Changpeng Zhao, have demonstrated a "disregard" for U.S. law.www.investopedia.com/sec-files-to-freeze-binance … - People also ask
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