What claims are we talking about?
The charges indicate the mixing of the platform's crypto assets with user ones. They also talk about the misuse of their funds and the possible manipulation of the coin market, which the platforms launched independently. This information is provided by the publication The Block.
Specialists conducted a detailed study of the department's complaint. It consists of 136 pages. It specifies all the arguments, which include the data of former high-ranking managers of the American branch of Binance. Additionally, corporate correspondence between specialists of the crypto exchange was cited.
Similarly to the FTX case, the agency believes that the crypto exchange was able to attract American users, but at the same time operated offshore. It also failed to complete the necessary registration in the country and did not separate its trading operations in different jurisdictions, bypassing existing regulatory requirements.
