After the SEC sued Binance citing 13 different wrongdoings, including the commingling of customer funds with CZ funds, users rushed to withdraw their crypto from the exchange. Nevertheless, the rush to the counters does not seem to scare off Binance, which has faced similar situations before and enjoys the highest asset balance among its competitors. Let’s analyze the situation together The SEC lawsuit against Binance and the wave of withdrawals On 5 June, the Securities and Exchange Commission sued cryptocurrency exchange Binance for violating US securities laws. The federal agency came down hard on it, citing as many as 13Go to Source
Author: coinmaker