SEC sues Binance in US court for unregistered securities operations. Binance faces 13 charges, including unregistered token sales and failure to register as an exchange. The SEC alleges that Binance enriched itself while putting investors’ assets at risk. CZ twitted that the users’ funds are #SAFU. https://cointelegraph.com/news/sec-sues-binance-in-us-district-court-for-unregistered-securities-operations
The SEC is suing Binance in the US for failing to register key details about its operations. The overall theme of the accusations is that Binance may have enriched itself by risking its investors assets. It is more important than ever to be aware of the challenges the exchanges you use face and to evaluate what holdings you have within them.
