Binance, Binance.US and the SEC agreed to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
Binance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
Under the agreement, which still needs a sign-off from the federal judge overseeing the case, Binance.US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root access to Binance.US's Amazon Web Services tools, the filings showed.
The proposed agreement comes after the Securities and Exchange Commission sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance, SEC agree to allow only US employees to access customer fundsBinance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
Read more »
Binance.U.S. Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’The U.S. affiliate of binance has laid off part of its staff roughly a week after the sec filed a lawsuit against the exchange. HeleneBraunn reports
Read more »
Crypto giant Binance's US affiliate fires staff after SEC chargesThe U.S. affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts.
Read more »
Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back OnshoreThe SECGov, binance and binanceUS have announced a proposed agreement to ensure that U.S. customer funds can only be accessed by the U.S.-based crypto trading platform. The agreement needs judicial sign-off. nikhileshde reports
Read more »
Introducing Binance Sensei: Your AI-powered Web3 Mentor | Binance BlogLaunching on April 24, 2023, Binance Sensei is an innovative AI-driven learning tool that is seamlessly integrated with Binance Academy. Binance Sensei leverages the power of artificial intelligence to help users access the wealth of knowledge available on Binance Academy in a more intuitive manner.
Read more »