![]() The world's biggest cryptocurrency was last at $26,300, up 3.85 per cent on the day. "We intend to defend our platform vigorously," it said in a blog.īitcoin steadied after falling more than 5 per cent yesterday, its worst daily decline since April 19. In statements on Monday, Binance said it had been cooperating with the SEC's probes and had "worked hard to answer their questions and address their concerns", including by trying to reach a negotiated settlement. ![]() The lawsuit, which cited a number of practices first reported by Reuters in a series of investigations into the exchange, marks the most significant step against a crypto company by the SEC in its sweeping crackdown on the industry this year. customers from its platform and misled investors about its market surveillance controls. The SEC alleged in 13 charges that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S. Neither exchange immediately responded to a request for comment. affiliate, Binance.US, registering net outflows of $70.8 million, Nansen tweeted. regulator sued both exchanges.īinance saw net outflows of $1.34 billion of crypto tokens on the ethereum blockchain, with its U.S. ET (1500 GMT) on Tuesday, data firm Nansen said, a day after a top U.S. :Investors have pulled around $1.43 billion from the crypto exchange Binance and its U.S.
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