The US Securities and Exchange Commission (SEC) has filed a temporary restraining order and preliminary injunction lawsuit against cryptocurrency exchange Binance.US, attempting to freeze its assets. However, the platform has stated that user assets are still secure and deposit and withdrawal functions are operating normally. Binance.US believes that the SEC's actions are driven by a desire to gain an advantage in the lawsuit, rather than a genuine concern for customer asset safety. Despite the company's efforts to address SEC staff concerns about customer asset safety through nearly round-the-clock dialogue, staff still decided to file the aforementioned lawsuit.
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Binance.US Believes That the Restrictions and Preliminary Injunctions Are Motivated by a Desire To Gain an Advantage in the Litigation, Rather Than a Genuine Concern for the Safety of Customer Assets
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