/cdn.vox-cdn.com/uploads/chorus_asset/file/24016885/STK093_Google_04.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24808816/Starfield__The_Settled_Systems___Supra_Et_Ultra_____Starfield__The_Settled_Systems___Supra_Et_Ultra_2023_7_25_94252.263_1440p_streamshot.png)
On June 7, cryptocurrency exchange Binance published a statement on its Chinese social channels with the hashtag #StrongTogether. Amid ongoing litigation with the United States Securities and Exchange Commission (SEC), Binance said that its wallet addresses are transparent and that the exchange has never “stolen consumer funds” nor “borrowed any collateral”. Is.”
Additionally, Binance said it has never made “large donations” to political candidates nor “large sponsorships” to entertainment and media entities. A translated version of the message from the exchange said:
“Our community comes from many different races, ethnicities, and beliefs; we will continue to build for our users and stand up for the industry. We are different than ___. We are Binance.”
Although Binance did not specifically name the crypto exchange it is seeking to divest, it accused troubled crypto exchange FTX of mismanaging consumer assets and lending money to its sister hedge fund, Alameda Research. Has gone.
The founder of the exchange, Sam Bankman-Fried, is currently under house arrest awaiting trial on wire fraud charges. Bankman-Fried was the second largest donor to the US Democratic Party between 2020 and 2022 – alleged to have done so by giving away clients’ assets.
In addition, FTX was formerly the $135 million sponsor of the Miami Heat Arena. The exchange is undergoing bankruptcy proceedings, with an estimated $8 billion off balance sheet, and owes an estimated $44 billion to the US Internal Revenue Service through its subsidiaries.
On June 5, the SEC sued Binance, accusing it of selling unregistered securities to US users and operating an unregistered exchange in the US. Data compiled by blockchain analytics firm Nansen currently shows Binance has total assets of $59 billion.
I am working as one paper at a time.#strong together #binance #money pic.twitter.com/l3q7A2rVC3
– 通安Binance中文铁 (@binancezh) June 7, 2023
Magazine: US and China try to crush Binance, SBF claims $40M bribe
