Just-In: Binance CEO Refers SEC’s Chat Evidence In Internal Staff Letter
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
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…
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
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
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.
