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Binance Applies for Court Protection Order in SEC's 'Forensic Phishing' Investigation

Binance has obtained a court order to protect itself from the investigation application by the US Securities and Exchange Commission (SEC).Binance stated that it filed a motion for a protective order after receiving a subpoena and request for evidence from the SEC. Binance claims to have always cooperated with integrity, but the SEC is attempting to investigate its asset custody business without limitations.

Binance claims that the SEC requested a large amount of communication content unrelated to customer assets since November 2022. Binance also objected to the SEC's request for six employees, including the CEO, to testify.

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