- There said the regulator’s appeal is unfounded
- The platform will continue to operate as normal
- CZ also commented
- He claims that SAFU customer funds
The SEC reapplied to a federal court last night, June 6, to block the assets of Binance and its management. This includes the U.S. division of the exchange as well as Changpeng Zhao personally.
“Customer assets are completely safe.. The platform will continue to provide services in full, deposits/withdrawals are available in normal mode. There is no justification for filing a TRO (asset freeze) petition. It is primarily motivated by the SEC’s position rather than the regulator’s real desire to protect customer funds,” commented Binance.US.
The unit also noted that they have provided the regulators with all the necessary information about the security measures for the funds deposited on the site.
Changpen Zhao has also taken note of the situation.. Although the SEC mentioned Binance and Binance.US separately in the motion, he argues that the seizure could affect only the U.S. unit:
“Explanation: this (SEC motion) would only affect Binance.US if the court approves it. This will NOT affect Binance. Your SAFU funds.”
It is interesting that under the Binance.US publication, several users have reported problems with authorization. The reason for these difficulties is not yet known. Also recall that Binance has officially responded to the SEC (Securities and Exchange Commission) lawsuit. The company considers it unreasonable and is ready to defend the right in court.