SEC requests freezing of bony assets, stock exchange provides former agency director as a lawyer (report)

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Letzte Woche verklagte die SEC Binance wegen Verstößen gegen US-Wertpapiergesetze und „jahrelangem rechtswidrigem Verhalten“, das angeblich die Gelder der Kunden gefährdet habe. Nun will die Regulierungsbehörde diese Gelder einfrieren. Vollständiges Einfrieren der Vermögenswerte beantragt Da die Gelder der Kunden angeblich gefährdet sind, war es nur praktisch, dass bei der US-Regierung ein vollständiges Einfrieren der Vermögenswerte beantragt wurde. Der Antrag zielt auf die Vermögenswerte von Binance US und der globalen Börse ab und zielt auch auf die Rückführung von im Ausland gehaltenen Geldern ab. Ein namentlich nicht genannter ehemaliger Bankpartner – der ab dem 14. Juni die Abwicklung von Ein- und …
Last week, the SEC Binance sued for violations of the US investment laws and "years of illegal behavior", which supposedly endangered the funds of the customers. Now the regulatory authority wants to freeze these funds. Complete freezing of the assets as the funds of the customers are supposedly endangered, it was only practical that the US government requested that the assets were completely freezing. The application aims at the assets of Binance Us and the global stock exchange and also aims at returning funds kept abroad. A former bank partner that is not mentioned by name- from June 14, the handling of one and ... (Symbolbild/KNAT)

Last week, the SEC Binance sued for violations of U.S. Working laws and "years of illegal behavior", which allegedly endangered the funds of customers.

Now the regulatory authority wants to freeze these funds.

Complete freezing of the assets requested

Since the funds of the customers are supposedly endangered, it was only practical that the US government applied for a complete freezing of the assets. The application aims at the assets of Binance Us and the global stock exchange and also aims at the return of funds held abroad.

A former bank partner that is not mentioned by name- who will stop setting and withdrawals for the stock exchange from June 14- has even frozen the assets from Binance at his request since the start of the court proceedings. However, these assets will most likely be recovered from Binance as soon as the bank closes its account.

The stock exchange, of course, spoke against the "draconian relief that strives for the SEC" and explains that customer funds were absolutely safe and that freezing would only prevent bony customers from being able to use as before. Of course, freezing would also affect the company's business - and will probably make its right defense considerably more difficult.

"Without the possibility of paying employees, suppliers, suppliers and specialists or maintaining the trading platform, the company would quickly come to a standstill. If all corporate assets are freezing, the bank partners would most likely no longer require any inquiries about money transfers for any purpose, including customer withdrawal."

Binance is defended by a former SEC insider

to fight what many see as attacks by the US regulatory authorities, Binance has signed several new lawyers from Milbank LPP.

of one of the four newly contracted lawyers is none other than George Canello, a former co-director of the enforcement department of the Securities and Exchange Commission. His best -known managed cases include the SEC examinations among the insider trade allegations raised against Raj Rajaratnam. Before working at the agency, Cannell was involved in the Major Crimes Unit of the Southern District of New York.

John Reed Stark, the former head of the Office of Internet Enforcement of the SEC, commented on the news. In his opinion, the decision to hire such a specialized lawyer indicates that Binance expects to act against serious criminal charges in a lengthy legal proceedings.

"Canonless has a rare and remarkably special combination of skills-he worked as a SEC prosecutor as well as a DOJ prosecutor. Think, Liam Neeson meets Perry Mason. Binance is obviously preparing for law enforcement and continues to stop the best defenders in the world."

Two other lawyers used to work in the SDNY crime department and focused on cybercrime, terrorism, drug trafficking and economic crime, which further underpins the situation.

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