Binance CEO in front of the US district court

Binance CEO in front of the US district court
Changpeng Zhao (CZ), CEO von Binance, was charged by the US district court for the District of Columbia after a lawsuit against him and his stock exchange on Monday.
The CEO must respond to the summons within 21 days, but is not obliged to appear personally.
- Other companies mentioned in the lawsuit, including Binance and Binance US, must also answer load
- "If you do not answer, a default judgment will be issued against you because of the compensation required in the lawsuit," the file says.
- according to the Security and Exchange Commission (sec). 136-page file On Monday against Binance that the stock exchange "submits its illegally acquired profits with preliminary interest" and permanently prohibited the company in crypto and securities trading business commit.
- In the lawsuit, Binance was accused of having sold not registered securities in the form of BNB and Busd and being active in the United States as non-registered securities exchange.
- In addition, the company was accused of not maintaining its independence from Binance Us by collecting billions of dollars in funds in Merit Peak-a company controlled by CZ.
- The CEO was not impressed by the summons on Wednesday and regarded it as a procedural aspect of the lawsuit.
I was told that this was only part of the second-compliant process. Nothing new.
I was also told that I don't have to appear personally. No need for fud. 🙏 pic.twitter.com/nyulbciirg
- cz 🔶 binance (@cz_binance) 7. June 2023
- Binance Us was issued by the SEC on Tuesday, with which the freezing of its assets are ordered subject to judicial approval. The order has no influence on international exchange.
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