SEC Intensifies Efforts, Seeks Further Evidence of Fraud at Binance US
The US SEC is still searching for proof that Binance US had a backdoor via which it could have been able to control customer funds similarly to FTX.
Key Takeaways Changpeng “CZ” Zhao, the co-founder and CEO of Binance, has experienced a significant reduction in his net worth, losing a staggering $11.9 billion. This substantial drop is directly linked to the declining trading volumes on the Binance exchange.…