Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

US SEC files motion to freeze Binance assets over violations

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Jun 2023 11:33
3 Min Read

The US Securities and Exchange Commission files a motion to freeze Binance assets through the US District Court for the District of Columbia.

  • x
  • The logo for cryptocurrency site Binance appears on a mobile phone, in New York, Tuesday, Jan. 31, 2023. (AP)
    The logo for cryptocurrency site Binance appears on a mobile phone, in New York, Tuesday, Jan. 31, 2023 (AP)

The US Securities and Exchange Commission (SEC) petitioned the US District Court for the District of Columbia, a federal court, on Tuesday, to issue a temporary restraining order freezing Binance's US assets.

A few days prior to that, US regulators had sued Binance.US and its CEO Changpeng Zhao for having allegedly operated a “web of deception”.

The SEC, in the newly filed motion against Binance, accused the cryptocurrency exchange company of violating conduct, for years. Violations included "disregard" for US laws and “evasion of regulatory oversight”.

While Binance is based in the Cayman Islands, the company highlighted that the SEC's motion solely targeted Binance.US which, in turn, confirmed that the operations will continue as per usual and criticized the SEC's step as "unwarranted".

Related News

Spector: Trump’s crypto empire, a 'money-printing machine'

FTX sues Binance and ex-CEO Changpeng Zhao, alleging $1.8Bln in fraud

SEC charges Binance with violating securities laws

The world's largest cryptocurrency exchange, Binance, was accused on Monday by US officials of breaking securities laws, which together amounted to "an extensive web of deception" and "calculated evasion of the law."

“We allege that Zhao and the Binance entities not only knew the rules of the road, but they also consciously chose to evade them and put their customers and investors at risk,” said Gurbir Grewal, director of the SEC’s enforcement division.

The SEC said that "defendants have enriched themselves by billions of US dollars while placing investors' assets at significant risk," in its complaint, which was submitted on Monday to a federal district court in Washington. According to the lawsuit, Binance allegedly made at least $11.6 billion (£9.3 billion) in income between June 2018 and July 2021, primarily from transaction fees.

Zhao, Binance Holdings, as well as two further Binance-affiliated companies, BAM Trading Services, and BAM Management US Holdings, have all been charged with the 13 civil offenses. The main Binance platform announced in 2019 that it was leaving the US market, prompting the creation of  Binance for US consumers, according to the SEC.

Regarding this issue, a Binance spokesperson said: “We want to be clear that while we take the allegations in the SEC’s complaint seriously, they should not be the subject of an SEC enforcement action, let alone on an expedited basis. They are unjustified.”

News of the affected Bitcoin prices, which fell around two percent an hour after the episode made headlines.

  • Binance
  • Securities and Exchange Commission SEC
  • US

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS