America Securities and Change Fee filed an emergency movement within the District of Columbia U.S. District Court docket for a brief restraining order towards Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6 requesting eight actions.
The primary requested actions are the freezing of the property of Binance.US and repatriation of fiat and cryptocurrency held by U.S. clients or for the advantage of U.S. clients. As well as, it prohibits the defendants from destroying, altering or concealing information and different units situations on discovery.
In line with the submitting:
“This reduction is critical on an expedited foundation to make sure the security of buyer property and forestall the dissipation of accessible property for any judgment, given the Defendants’ years of violative conduct, disregard of the legal guidelines of america, evasion of regulatory oversight, and open questions on numerous monetary transfers and the custody and management of Buyer Property.”
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