Date: 2023-06-11T18:11:31Z Creator: Bitfolio Academy
This is a pivotal moment for the crypto community and it’s imperative that you do all you can to ensure your assets remain safe: withdraw your funds from Binance.US immediately.
The SEC is threatening to bring the hammer down on Binance.US, the third largest crypto exchange in the United States – they are asking a federal judge for a court order that would freeze all of its assets, effectively pulling the plug on the US exchange!
This news touched off a wave of panic selling of BNB or Binance Coin, dropping 23% as a direct result.
This Tuesday, the future of Binance.US hangs in the balance as a federal judge will deliberate whether or not she will grant the SEC’s request for a freeze. The SEC’s claim is that Binance has ignored standard cryptocurrency protocols and has been commingling customer funds with corporate accounts.
Let me know in the comments. 🤔
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