United

David

Coin

<ul class="news-points"> 
 <li>Ripple CTO challenges claim that Binance CEO lied about custody service used by Binance.US.</li> 
 <li>SEC seeks court approval to inspect Binance.US over custody concerns.</li> 
 <li>Binance’s CEO denies allegations that Binance.US used Ceffu to move user funds out of the US.</li> 
</ul> 
In a recent tweet, Ripple’s Chief Technology Officer David Schwartz bursts a critic alleging that the CEO of <a href="https://coinedition.com/tag/Changpeng-Zhao/">Binance, Changpeng Zhao (CZ)</a>, lied about the custody service used by the Binance U.S. sister arm, Binance.US. 
Schwartz’s comment came amid a report that the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> sought approval from the court to inspect Binance.US. Per the update, the SEC believes Binance.US used Ceffu to keep customers’ funds. The main issue is that Ceffu is a rebranded custody service provider of the parent firm, Binance. 
Additionally, the report stated that the SEC wants to inspect Binance.US, given the sentiment that the platform allegedly used Ceffu to move users’ funds out of the United States. Such action is deemed a violation of the earlier agreement between Binance.US and the U.S. regulators. 
In response, the Binance CEO clarified that Binance.US never used Ceffu or any Bina…
The post <a rel="nofollow" href="https://coinedition.com/ripple-cto-exposes-critic-who-claims-cz-lied-about-binance-us-custody/">Ripple CTO Exposes Critic Who Claims CZ Lied About Binance.US Custody</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Ripple CTO Exposes Critic Who Claims CZ Lied About Binance.US Custody

Coin Edition

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