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Dubai News Club > Tech > SEC comes out against Binance.US’s $1 billion deal to buy a bankrupt crypto firm’s assets
Tech

SEC comes out against Binance.US’s $1 billion deal to buy a bankrupt crypto firm’s assets

Press Room
Last updated: 2023/02/23
Press Room
Published: February 23, 2023
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The SEC isn’t too keen on this idea, however. It claims the transactions necessary to redistribute the assets belonging to Voyager customers may violate the agency’s rules against selling or offering unregistered securities. The agency also cites numerous concerns about the deal and says Binance.US doesn’t “adequately describe whether third parties” will have access to customer wallets.

Meanwhile, the New York Department of Financial Services (NYDFS) has another complaint, alleging…

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