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Binance, one of the world’s largest cryptocurrency exchanges, has seen several difficult months of various legal challenges, and recently sold all assets of their Russian branch to a company only founded days earlier.
The trouble began for this major exchange in June, when the Securities and Exchange Commission (SEC) sued Binance for alleged violation of securities law. Citing the “unregistered offers and sales of securities” and lying to potential investors “regarding surveillance and controls over manipulative trading,” the SEC put this company in the crosshairs of a major investigation. The Commission later chastised Binance in September about their lack of cooperation with federal regulators, and further action to unseal B
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