The SEC’s case against Binance, a live reading by Liz Lopatto
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In addition to controlling BAM Trading bank accounts that held customer funds,at least through December 2022, Binance was the designated custodian for crypto assets deposited, held, traded, and/or accrued on the Binance.US Platform, as expressly recognized in the SLAs. Internal communications indicate that BAM Trading and Binance understood that “.com is the custodian .us uses” and “CZ control[s] the wallet.”
Guys I do not love the banking system but I definitely love it better than whatever the fuck this is.
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