SEC Seeks Sealed Documents in Binance Case Amidst Speculation of Criminal Investigation
Summary:
The legal team representing the SEC has requested permission to file sealed documents in the civil case against Binance. Speculation arises about a potential criminal investigation by the Department of Justice into allegations of money laundering and violations of sanctions involving Russian entities. Binance is expected to not oppose the sealing motion to avoid disclosing incriminating evidence.
The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is seeking permission from the court to file documents under seal. In a recent filing, the SEC requested a federal judge to allow them to submit sealed documents in the ongoing case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). Speculation suggests that these sealed documents may contain sensitive information and could be related to a potential criminal investigation by the U.S. Department of Justice into allegations of money laundering and violations of sanctions involving Russian entities. Former SEC official John Reed Stark believes that Binance is likely to not oppose the sealing motion to avoid disclosing potentially incriminating evidence or damaging criminal allegations.
Published At
8/29/2023 3:32:58 PM
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