Reuters exclusively reported that a senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show.
Business & Finance
Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts
05 June 2023, 8:19 pm 1 minute
Market Impact
After the Reuters story was published, the U.S. Securities and Exchange Commission filed a civil complaint against Binance after a years-long inquiry into the company.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
