SEC’s Binance.US Probe Started in 2020, Court Filings Show

Court filings made by SECGov reveal further details about their years-long investigation into BinanceUS - including the secretive profits made by the company. jackschickler reports.

The U.S. Securities and Exchange Commission has been investigating Binance.US since at least 2020, court filings published late Tuesday show.

In the filings, the regulator detailed evidence hundreds of millions of dollars in profiteering by the crypto exchange. The SEC on Monday sued Binance’s U.S. and global entities, alongside its CEO Changpeng “CZ” Zhao, alleging that they had operated unregistered securities exchange by allowing people to trade crypto.

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