November 8, 2024

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SEC still looking for potential FTX-style fraud at Binance.US: Report

1 min read
SEC still looking for potential FTX-style fraud at Binance.US: Report

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.

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