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SEC Claims Ceffu, Wallet Provider, Is Affiliated with Binance, Contradicting Binance's Earlier Statements

Algoine News
Summary:
The SEC claims that the wallet provider Ceffu is related to Binance, contradicting Binance's previous statements. The SEC is calling for the court to deny Binance's request for a protective order against the investigation. The SEC questions Ceffu's control over customer assets.
The United States Securities and Exchange Commission (SEC) has alleged in a recent filing that Ceffu, a wallet provider, is indeed affiliated with Binance, contradicting earlier claims made by Binance itself. The SEC's redacted filing argues that Binance's request for a protective order against the SEC investigation is without merit and urges the court to reject it. Binance had made this request on August 15, dismissing the SEC investigation as a mere "fishing expedition." The SEC's latest filing describes Binance's response to its June suit as a "house of mirrors," raising further questions about Ceffu's role and control over customer assets. This is an ongoing story, and more updates will follow as new information emerges.

Published At

9/18/2023 5:13:59 PM

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