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SEC still looking for potential FTX-style fraud at Binance.US: Report

In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the sale of unregistered securities and accused Binance and its founder of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law.

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Source: Cryptocurrency - investing.com

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