SEC Investigating Binance for Fraud Similar To FTX

The United States Securities and Exchange Commission (SEC) is still looking into the possibility of Binance and its former CEO Changpeng Zhao’s involvement in potential fraud. SEC investigating Binance for fraud could lead to another massive legal battle similar to FTX.

SEC believes the alleged had control over user funds stored on the Binance.US platform. The agency is looking for similar operations and fraudulent activities observed in the FTX case.

Binance has recently faced serious regulatory troubles. The U.S. Department of Justice (DoJ) and the SEC initiated legal action against the leading digital asset exchange back in June. According to a recent Wall Street Journal…

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