![]() ![]() Multiple banking partners had already stopped serving Binance and it wasn't immediately clear which banking partners Binance retained. exchange, according to documents Binance provided to the SEC. banking partners, which have included Axos Bank, Cross River Bank and the failed Silvergate, Signature and Silicon Valley Banks, processed billions of dollars in transactions for the U.S. But it suggests Binance's banking partners have decided the exchange is too risky a client to keep on, and that the revelations from the SEC case have grown too significant to ignore. Those who haven't withdrawn their money by the shutdown date could still theoretically convert it to a stablecoin such as tether, then withdraw that and convert it back to dollars elsewhere. Binance's US arm is urging its customers to withdraw their cash from the crypto exchange by next week, as the Securities and Exchange Commission tightens the screws in its 'ideological campaign. dollars from the exchange anyway.Ĭustomers won't lose their money. The United States Securities and Exchange Commission (SEC) has accused Binance.US of non-cooperation in the ongoing investigation against the crypto exchange, according to a court. That restraining order would have frozen U.S. Key risk and legal executives are leaving Binance.US at the same time the crypto exchange is under intense pressure from regulators. and international arms of Binance - an international network of offshore holding companies the SEC alleges have moved billions of dollars of assets between themselves - prompted the SEC to file an emergency motion for a temporary restraining order. government has a substantial case on the merits in its bid to quash a 1 billion deal by Binance.US to buy the assets of bankrupt. ![]() Zhao's influence over and ownership of the U.S. Personal Loans for 670 Credit Score or Lowerīinance's banking transactions are the center of immense scrutiny by the SEC, which filed a civil complaint against the exchange and its founder, Changpeng Zhao, alleging both violated U.S. Personal Loans for 580 Credit Score or Lower Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its. Best Debt Consolidation Loans for Bad Credit
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