Before Suing Them, Gary Gensler Once Offered to Be A Binance Advisor
The Breakdown
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CZ and Binance International Misappropriate Funds From Binance US Customers
SEC claims that between 2019 and 2021, over 12 billion in customer assets were transferred to entities controlled by CZ. Lawyer Brian Jekotow says, This issue will be appealed to the D.C. Circuit at minimum and likely to scotus. If these companies give up at the trial court, then they weren't serious in the first place. The SEC alleges regarding the transfers that, quote, Those funds consisted in significant part of Binance platform's customers' assets.
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