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- Binance is a cryptocurrency exchange that is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC)12. The SEC claims that Binance operated as an unregistered securities exchange and misused investor funds12. Binance has agreed to repatriate all assets held for the benefit of its U.S. customers1.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance’s U.S. trading customers. The SEC alleges Binance broke U.S. law by operating as an unregistered securities exchange.www.pbs.org/newshour/economy/under-court-deal …Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.apnews.com/article/crypto-binance-treasury-sec-st…
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