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Binance CEO Changpeng Zhao dismissed a report by Decrypt that stated he took a $250 million mortgage from the holding firm of Binance.US and stated it was the opposite approach round.
“They acquired the course incorrect,” he tweeted. ”I loaned $250 million to BAM some time again, not the opposite approach round.”
He added that he’d not taken the mortgage again from BAM, which is Binance.US’s holding firm. ‘
Decrypt’s story had examined authorized papers related to a lawsuit introduced by the US Securities and Alternate Fee (SEC) in opposition to Binance.US
The quantity of incorrect data is simply…
They acquired the course incorrect. I loaned $250 million to BAM some time again, not the opposite approach round. And haven’t taken it again. 🤷♂️ pic.twitter.com/encGx1u557
— CZ 🔶 Binance (@cz_binance) September 20, 2023
SEC Faces Hurdles in Gathering Info from Binance
Amidst the continuing authorized dispute between the SEC and Binance, the SEC has repeatedly talked about difficulties in acquiring data from each Binance and Binance.US for the reason that starting of the lawsuit.
To deal with this problem, the SEC filed a court docket request for Binance to grant extra entry to its executives for questioning and sharing detailed data.
Nevertheless, in a current court docket listening to relating to this request, a choose expressed reservations about granting the SEC’s demand for entry and knowledge at this cut-off date.
The choose didn’t rule in opposition to the SEC or Binance US throughout Monday’s listening to, as a substitute encouraging each events to work collectively, asking the SEC to slim its request for data and Binance wants to offer extra details about custody answer. CoinDesk reported.…
— Wu Blockchain (@WuBlockchain) September 19, 2023
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