Crypto exchange binance series#

The SEC complaint is the latest in a series of legal headaches for Binance. “It’s another blow to the crypto industry and the crypto exchanges of the world,” said Tony Sycamore, market analyst at IG Markets, of the SEC suit.īinance’s BNB cryptocurrency, the world’s fourth-largest, fell 0.3% to a near three-month low of $277, after a 9.2% plunge on Monday, its worst daily fall since November. The world’s biggest cryptocurrency was last at $25,723, flat on the day but pinned near a more than two-month low. “We intend to defend our platform vigorously,” it said in a blog.īitcoin steadied after falling more than 5% on Monday, its worst daily decline since April 19. In statements on Monday, Binance said it had been cooperating with the SEC’s probes and had “worked hard to answer their questions and address their concerns,” including by trying to reach a negotiated settlement. The lawsuit, which cited a number of practices first reported by Reuters in a series of investigations into the exchange, marks the most significant step against a crypto company by the SEC in its sweeping crackdown on the industry this year. Zed Jameson/Bloomberg/Getty ImagesĬrypto exchange Binance reportedly had secret access to its US arm's bank account Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov.

Crypto exchange binance