SEC Seeks to Freeze Binance’s Assets

The SEC has filed a temporary restraining order yesterday to further expedite its Monday enforcement action, which requested a freeze of assets, including cryptocurrencies, held by Binance, Binance.US, and their owner Changpeng ‘CZ’ Zhao. The commission alleges that Zhao and Binance executives redirected customer funds to his personal investment funds, such as to purchase an $11 million yacht and BUSD, […]