Just-In: Binance CEO Refers SEC’s Chat Evidence In Internal Staff Letter

Ashish Kumar
June 8, 2023 Updated September 4, 2025
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Binance News: Changpeng Zhao (CZ), CEO of Binance reportedly released an internal letter discussing the employee chat evidence revealed by the U.S. Securities and Exchange Commission (SEC). The commission has sued the world’s largest crypto exchange and its co-founder on 13 different civil charges.

Also Read: Binance US To Remove Hundreds Of Trading Pairs; Halts OTC Trading

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Binance CEO Calls SEC’s Chat Reference “Absurd”

As per the report, Binance chief in the internal letter addressed the two tweets making rounds on the internet. The tweets mention a series of evidence presented by the commission in the Binance lawsuit to assert its claims.

CZ reportedly stated that the crypto exchange does not check employee chat records and called the U.S. SEC evidence referring to Binance’s employee chats absurd. Binance Chief highlighted the chat between Sam Lim, ex head of compliance for Binance, and Alivn, ex head of business development.

He added that this conversation was a personal complaint made by two employees around five years ago. However, the surfacing of this chat has done major damage to its reputation. Read More Binance News Here…

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CZ Assures Cooperating In Investigation

Binance CEO assured the staff that the exchange is cooperating with the investigating authorities. He highlighted that the agencies ask for chat history during the inquiry and asked the employees to keep a check as anything they say could be used in court. Meanwhile, he added that the world’s largest crypto exchange doesn’t check their employees’ chats.

The report mentioned that CZ asked its employees to go and talk to their managers if they are not satisfied working at Binance. He further urged the staff to don’t waste their energy on things they don’t like as the company needs people who can remain committed to the exchange’s mission.

Also Read: XRP Fair Market Value Stands Between $3.5k To $22K: Report

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.