Connect with us

Breaking News

BREAKING NEWS: SEC sues Binance, CEO for breaking securities rules

Following the news, the price of bitcoin has fallen declining 3.16% to $26,264 according to statistics from TradingView.

Published

2 years ago

on

Binance

The American Securities and Exchange Commission has sued Binance Holdings Ltd. and its Chief Executive Officer, Changpeng Zhao, for breaking US rules, Bloomberg reports.

The suit filed at a federal court by the SEC accuses them of breaking US rules but Binance CEO, Zhao in a tweet, said they are yet to get an official notification and would issue a response once the firm receives the complaint.

He said, “Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits.

Advertisement

“We will issue a response once we see the complaint. Haven’t seen it yet. Media gets the info before we do.”

Following the news, the price of bitcoin has fallen declining 3.16% to $26,264 according to statistics from TradingView.

Advertisement
Related Topics:

Opinion Nigeria is a practical online community where both local and international authors through their opinion pieces, address today’s topical issues. In Opinion Nigeria, we believe in the right to freedom of opinion and expression. We believe that people should be free to express their opinion without interference from anyone especially the government.

Continue Reading
Advertisement
Comments

Trending Articles

world bank world bank
Global Issues5 hours ago

Inadvisability Of Piling Up Debts For ‘Leaders Of Tomorrow’ To Inherit -By Isaac Asabor

Even more infuriating is the paradox at the core of Nigeria’s borrowing spree. Unlike the early 2000s when low oil...
Nigeria flag - Independence Day Celebration Nigeria flag - Independence Day Celebration
Democracy & Governance20 hours ago

Nigeria’s Broken Local Government System And The Grassroots Struggle For Development -By Rachael Emmanuel Durkwa

This dysfunction carries broader consequences. With local governments failing to deliver, pressure shifts to state and federal governments, creating inefficiencies...
Hajia Hadiza Mohammed Hajia Hadiza Mohammed
Democracy & Governance21 hours ago

Suspicion Of Ethnic Bias In The Appointment Of The Incoming INEC Chairman -By Hajia Hadiza Mohammed

The INEC’s ignoble role has been responsible for the most of the problem of inept leadership that we have in...
Michealina Dankwa, Miss Africa-Russia, Moscow Michealina Dankwa, Miss Africa-Russia, Moscow
Forgotten Dairies21 hours ago

Michealina Dankwa Wins Miss Africa-Russia Crown -By Kestér Kenn Klomegâh

From my royal entry in traditional kente, representing Northern Ghana, to my talented performance highlighting inclusivity, I carried Ghana with...
World Heart Day - WHD World Heart Day - WHD
Forgotten Dairies1 day ago

2025 World Heart Day: The Lifestyle Choices That Shape Our Hearts -By Isaac Asabor

In this context, restorative sleep is highly essential for everyone. In a society that glorifies sleepless hustle, rest is often...