SEC sues crypto exchange Binance over mishandling funds
The SEC claims Binance lied to regulators and investors and sent money to a company owned by its CEO.
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The SEC claims Binance lied to regulators and investors and sent money to a company owned by its CEO.
Binance has not given a reason for the suspension, but has indicated that it is working to resolve any issues.
After reevaluating FTX's troubles, Binance has backed out of a proposed takeover deal.
Amid turmoil at FTX, Binance will acquire the company's non-US operations.
Nearly 2 million BNB tokens amounting to $570 million were taken during a recent cross-chain bridge hack.