.binance in turmoil as top executives resign amid ongoing regulatory investigations
on the situation, stating that the unfolding events were"not surprising ." Stark's comment suggests that he anticipated the regulatory scrutiny and the subsequent fallout, including the resignation of top executives, as a predictable outcome given Binance's alleged activities.
This predicament follows closely behind a stringent legal action initiated against Binance and Zhao by the Securities and Exchange Commission just a month ago. The accusations raised by the regulatory body encompass the running of unlicensed securities trading platforms, unauthorized sales of crypto asset securities and alleged fraudulent activities.
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