![]() ![]() You can now also get .uk articles sent straight to your device. For commercial purposes, get an automated currency feed through the XE Currency Data API. įollow .uk on Twitter and Facebook for the latest news updates. This USD currency table offers historic US Dollar rates compared to every world currency. Got a story? Get in touch with our news team by emailing us at Or you can submit your videos and pictures here.įor more stories like this, check our news page. The company is now in bankruptcy, and its disgraced CEO Sam Bankman-Fried is now facing criminal charges for securities fraud and wire fraud. The lawsuit comes months after Binance’s former top competitor FTX collapsed in part due to similar allegations of mishandling customer funds. ‘Any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong,’ the company said. The company also said all American customer funds held by Binance.US are ‘safe and secure.’ ‘We intend to defend our platform vigorously.’ ‘While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis,’ Binance said. In a written statement published shortly after the SEC’s announcement, Binance called the charges ‘disappointing’ and ‘disheartening.’ The exchange said they were working with the regulatory body to address their concerns before the charges were filed. ‘In one instance, the Binance chief compliance officer messaged a colleague that, “e are operating as a fking unlicensed securities exchange in the USA bro,”’ the SEC said. The complaint alleges that Zhao personally directed these moves to break US law. They also say Binance allowed certain ‘high-value US customers’ continued access to the original Binance exchange despite being banned from operating in the country. Donald Trump says boxes with classified documents had 'all types of personal belongings'Įarlier on Monday, Reuters reported that a single Binance executive, Guangying Chen, was the primary operator of five accounts that held American customer funds in Binance.US.Īs the primary operator, employees at the allegedly independent Binance.US had to ask Chen for permission to process payments from those accounts. ![]()
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