The U.S. Securities and Exchange Commission has filed an emergency action application seeking a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance.
The SEC said that it wants to ensure that Binance.US customers’ assets are protected and remain in the United States through the resolution of the SEC’s pending litigation of this matter.
The motion comes on the heels of the thirteen charges filed by the regulator on Monday (June 5) over Binance’s ‘web of deception’.
Binance attempted to reassure its U.S. customers that their “assets remain safe and secure and the platform continues to be fully operational with deposits and withdrawals functioning as normal”.
This afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against https://t.co/AZwoBOgsqS attempting to, amongst other things, freeze https://t.co/AZwoBOgsqS corporate assets. User assets remain safe and secure and the platform continues to be fully…
— Binance.US 🇺🇸 (@BinanceUS) June 6, 2023
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- Source: https://fintechnews.sg/74867/crypto/sec-files-emergency-motion-to-freeze-binances-u-s-assets/