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Allegations in the complaint included created for US customers after the main Binance platform said in it was quitting the to do so. Kenya halts Worldcoin data collection and faces investigation in France.

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Binance vs. SEC Crypto Hearing FALLOUT! Bitcoin \u0026 Cardano Fall!
10 Years of Decentralizing the Future Binance's efforts to dismiss a U.S. Securities and Exchange Commission (SEC) lawsuit do not have a basis. The SEC charged Binance for the unregistered offers and sales of BNB, BUSD, and crypto-lending products known as �Simple Earn� and �BNB Vault.�. The SEC claimed last June that Binance and former chief executive Changpeng Zhao mishandled customer funds, misled investors and regulators.

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The Securities and Exchange Commission filed 13 charges against Binance , the world's largest crypto exchange, and its founder, Changpeng Zhao, alleging both comingled billions of dollars worth of user funds and sent them to a European company controlled by Zhao. In a blog post that followed, Binance wrote, "We are disappointed that the U. The defendants showed a "blatant disregard" for federal law, the SEC alleged. One senior executive allegedly told a compliance officer that the company was operating as a "[fing] unlicensed securities exchange in the USA bro.

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