The Securities and Exchange Commission (SEC) looked for help on Tuesday, June 6, 2023. They asked for a temporary stop on funds and to move back money held for customers of the Binance.US crypto trading platform.
The SEC was also asking for more emergency help against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao. The SEC wanted to make sure the customers’ funds stay in the United States while their ongoing court case gets solved.
A couple of days after the SEC (Securities and Exchange Commission) accused the company and its leader of breaking the law, the company is taking measures.
The SEC is asking for a court order that stops BAM Management from doing business. They’d also like the court to make BAM Management give back any customer money they have, and to not get rid of any documents or records. They want permission for expedited discovery, and permission to use alternate forms of service.
Read more: Binance confirms No Bank Withdrawals in Australia | Brokers Times
