7/26/2023 0 Comments Binance vs kraken security![]() User funds have been and always will be safe and secure on all Binance-affiliated… ![]() He went on to express his relief at resolving the dispute over the SEC’s emergency relief request on agreeable terms, despite maintaining it was uncalled for.Īlthough we maintain that the SEC’s request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms. While the newly agreed upon terms do still lead to asset repatriation, Binance.US holding entities have been mandated to maintain control, custody, and possession of all crypto and fiat currency assets in the US.Ĭhangpeng “CZ” Zhao, CEO of Binance, publicly addressed this matter on Twitter this morning, reassuring his customers of the safety and security of their funds on Binance-related platforms. This development is subsequent to an emergency order placed by the SEC last week, seeking the freezing of assets under the control of Binance.US holding companies, as well as the return of assets to American soil. The US District Judge, Amy Berman Jackson, was the signatory on this order. Join Our Telegram channel to stay up to date on breaking news coverageĪ former SEC official has referred to a recently agreed upon deal between Binance.US and the Securities and Exchange Commission (SEC) as ‘burdensome.’ This morning, it was revealed that the exchange will avoid a freeze on its assets by offering greater transparency and oversight, in accordance with a court-approved consent order.
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