CZ says Binance.US did not use entity at center of recent SEC allegations

Binance.US has never used Ceffu, Binance CEO Changpeng Zhao said, following accusations from a US regulator that the two are linked.

by the Securities and Exchange commission that Binance.US used a custody unit possibly linked to its parent that could be exposing clients to a foreign entity.

"For the record. Binance US does not use, and have NEVER used Ceffu or Binance Custody. You can't just make this stuff up," ZhaoCeffu has been a point of contention between the SEC and Binance, with the regulator asking BAM, the company behind Binance.US, for more information on how customer assets are handled at Binance.US. It says that BAM has not obliged, while the company has called many of the requests for more information too broad or burdensome.

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