Binance defends itself against SEC charges
One of the SEC's charges against Binance is mixing customer funds.
One of the SEC's charges against Binance is mixing customer funds. The crypto exchange rejects the accusation.
Binance.US has denied allegations of commingling customer funds.
In a View post on X on Wednesday, Changpeng Zhao, chief executive of Binance, described the accusation as "misleading." He said assets of Binance customers had not been transferred outside the United States.
From View post on X would also reveal that the SEC has no evidence of such money flows: "We see no money flows outside the U.S."
"The SEC's statement that the defendants were able to commingle or divert customer funds at will directly contradicts the SEC's statements to the court that the SEC has no evidence that this was ever the case," Binance said.
