SEC still looking for potential FTX-style fraud at Binance.US: Report
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The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX,
Meanwhile, CZ is currently awaiting a court review to find out whether he can leave the U.S. now and return two weeks before his sentencing date, scheduled for sometime in February.
The judge ordered that CZ would not be permitted to travel to the United Arab Emirates — where CZ is primarily based — until a court ruled on a motion for review from the U.S. government.
Breaking News: Judge Orders That The Condition Permitting CZ To Return To The UAE Pending Sentencing Is STAYED (i.e. CZ Must Remain in the Continental U.S. For Now)
(See Updated Compendium Below With Links To All Relevant DOJ/Binance/CZ Court Filings)
Yesterday, I predicted… pic.twitter.com/I6MmHkINv2
— John Reed Stark (@JohnReedStark) November 27, 2023
CZ could face up to 18 months in prison under federal sentencing guidelines.
Magazine: US enforcement agencies are turning up the heat on crypto-related crime
