Dark Mode
Tuesday, 03 October 2023
The SEC alleges that wallet provider ceffu is linked to Binance in a case against BAM

The SEC alleges that wallet provider ceffu is linked to Binance in a case against BAM

In Binance's latest statement on its petition to force out bam, the holding company.The US Securities and Exchange Commission (SEC) said that the wallet provider Ceffu is indeed linked to Binance.This contradicts Binance's statements in previous court documents.The organized application also states that Binance's request to issue a protective order against the SEC investigation is unfounded. He is asking the court to dismiss this petition. Binance filed a request with the US District Court on August 14, calling the SEC investigation a fishing expedition. In its latest filing, the SEC described Binance's response to the June indictment as a House of Mirrors.The SEC raised questions about Ceffu in a memo filed in court on September 9. 14, The company, which was renamed from Binance in March, appears to control customers' assets.September 18, the SEC statement stated that Bam claims that Binance is a third-party provider whose wallet software services are connected to the BAM internet provider, and that way you can't expect to know how this works, the agency wrote in a statement dated September 18 in response to Binance's alleged opposition to the SEC investigation. The SEC statement dated September 18 stated that Bam claims that Binance is a third-party provider whose wallet software services are connected to the BAM internet provider. The SEC responded: The person in question is replacing Zhao, the CEO of transparent Binance. 1/6 The SEC is requesting a court order to verify Binance Us. Now I'm calling clearlyThat the G Ceffu is indeed an entity affiliated with Binance and that Binance Us misled the court. pic.twitter.com/2XZ2kChib3The The SEC is also requesting submissions from the former Binance.US Managing Director Brian Schroeder and CFO Jasmine Lee. Binance.The US objected that his statements would be disruptive to BAM business. Schroeder's departure was reportedly announced on September 13, along with mass layoffs.Binance's attempt to force the court to curb the Sec's investigative actions resulted in numerous legal actions. The hearing will take place on the afternoon of September 18, local time in Washington, D.C., and the case will probably be considered. This is a developing story and more information will be added as it becomes available.

Comment / Reply From