June 5th, 2023 | Is Apple back?
Hacker News Recap
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The SEC Sues Binance Holdings Limited and CEO Chungping Zhao
The US Securities and Exchange Commission, SEC, has sued Binance Holdings Limited for allegedly mishandling customer funds. In the comments, users discussed the court filing containing inside information from the first two CEOs of Binance.us. Attention is drawn to a quote in which B finance's chief compliance officer calls their own operation an unlicensed securities exchange in the USA. The discussion also touches on whistleblowers' motivations and the various strategies employed by both executives and security officers. Others emphasize the importance of avoiding putting anything potentially controversial or incriminating in writing, and consider the potential negative consequences in court.
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