Crypto giant Binance controlled bank accounts of ‘independent’ US subsidiary
Business and finance
05 June 2023, 20:19 1 minute
Reuters exclusively reported that a senior Binance executive was the primary operator of five bank accounts belonging to the cryptocurrency giant’s allegedly independent U.S. subsidiary, including an account that held U.S. customer funds, according to bank records.
Market impact
After the publication of the Reuters article, the United States Securities and Exchange Commission filed a civil complaint against Binance after a years-long investigation of the company.
Article Tags
Topics of interest: Business and finance
Type: Best Reuters
Sectors: Business and finance
Regions: Americas
Countries: UNITED STATES
Types of victory: Exclusivity
Types of story: Exclusive / Scoop
Media Types: Text
Customer impact: Significant national history
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