On Monday, June 5, the Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder Changpeng Zhao, charging them on several grounds including breaching securities regulations and commingling billions of dollars worth of investors’ funds, while “placing investors’ assets at significant risk”.
Zhao denied the SEC’s charges on Twitter, adding the company will issue a response once it sees the regulator’s complaint.
Meanwhile, a number of crypto investors have flocked to support the world’s biggest digital assets exchange, according to widely-followed reporter Wu Blockchain.
Notably, digital assets management firm FBG Capital deposited 44 million USDT in Binance, mitigating potential liquidity risks. However, before the SEC’s lawsuit was reported, FBG withdrew 35 million USDT from Binance, meaning the net deposits amounted to just 9 million USDT.
At the same time, machibigbrother.eth, a popular NFT investor, said it has transferred all BAYC
We współpracy z: https://finbold.com/investors-flock-to-support-binance-after-sec-lawsuit/
