和解

Binance and former CEO Changpeng Zhao responded to the U.S. Securities and Exchange Commission’s (SEC) supplemental authorization notice.

Changpeng Zhao, the former CEO of Binance Holdings and cryptocurrency exchange, has responded to a supplemental authorization notice issued by the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) regarding the Binance settlement.
SEC action 'unjustified and impermissible'
In a detailed response filed in the U.S. District Court for the District of Columbia, Binance argued that the SEC’s attempt to introduce the findings of a $4.3 billion plea and settlement agreement with the DOJ was procedurally inappropriate and impermissible. Previously, the media reported on the European Commission’s notice to consider the settlement agreement with the US Department of Justice. SEC authorities believe the findings will strengthen the case against the company and its former CEO.

The New York Attorney General’s Office announced that it has reached a settlement of approximately $50 million in a high-stakes lawsuit with multiple defendants, including cryptocurrency exchange Gemini Trust Company, LLC (Gemini) and its former business partner Genesis Global Capital. The settlement marks the latest development in the legal dispute involving the parties.

Gemini banned from operating crypto lending program
In a press release last Friday, New York Attorney General Letitia James announced that $50 million had been successfully recovered to compensate victims who suffered financial losses from Gemini's popular money-making scheme. This action marks substantial progress in the investigation of Gemini and its related schemes and brings a certain level of compensation to affected investors.