Monday, December 11, 2023

SEC Sought Freeze Order Regardless of ‘No Proof’ That Binance Was Transferring U.S. Buyer Funds



“There are a number of particulars about quantities transferred and the place they went…” Barrett requested the SEC’s legal professionals. “You say these funds consisted in important a part of Binance platforms, plural, buyer belongings, together with these of Binance.US … Are you able to make clear or stroll me via the transfers you allege have been made particularly from the U.S. entities, versus the worldwide Binance platform, to offshore accounts held by Zhao, and the way you understand that these have been buyer belongings?”

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