The SEC has accused Binance of mishandling customer funds as well as lying to regulators and investors about its operations in 13 charges filed Monday.

The regulator said #Binance had been mixing “billions of dollars” in customer funds and secretly sending them to a separate company controlled by CZ.

The charges included misleading investors about the adequacy of its systems to detect and control manipulative trading. Regulators also said Binance did not take sufficient steps to restrict U.S. investors from accessing Binance’s unregulated exchange.

The SEC accused #Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.

https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf#page=85

Just 8 hours before #Binance SEC news, someone twap'ed into a gigantic $20 mil $BNB short. Leave it to binance to likely have an insider trade on their own SEC indictment news.

SEC sues #Coinbase, citing the exchange is acting as an unregistered broker.

Jim Cramer fuds #Solana and #Cardano at the absolute bottom. As always.

The FED simultaneously bails out the banking sector while the SEC declares war on the solution: Crypto

All while FTX 2.0 prepares for launch

SOMETHING DOESN'T ADD UP

Personally happy that the SEC has finally sued both Binance and Coinbase

Mostly because this was already something I was somewhat expecting

They don’t have many moves left tho

This was the biggest attack they could make

No more cards to play

SEC seeks restraining order to freeze #Binance US assets.

We are about to find out how solvent #Binance is. They've survived a few bank runs this year, while some U.S. banks haven't. Regardless, not your keys, not your #crypto. Be safe.

Wildest thing I've seen in NFTs so far this year

Some absolute degen made like 1000 #ETH from 5 ETH on a gambling website, used the winnings to overpay for 10 BAYCs, immediately took loans on them to gamble more, then lost it all and defaulted on all the apes all within a month

Discord vanity URL (BNBChain) is currently being used by scammers to trick unsuspecting users into joining a malicious, fake Discord server.

The server is disguised with BNB Chain branding, but upon joining, there is a prompt to 'Connect Wallet'

This is a scam, and if you connect your wallet, you will lose your funds.

BNB and ETH were the only deflationary tokens during Q1’23 at -5.4% and -0.2%, respectively

Almost every single Twitter account in the #Solana Ecosystem has just been shadowbanned.

This includes devs, the former head of twitter strategy, artists, and dozens of others who depend on twitter for their livelihoods.

Reason is currently unknown.

The United States District Court has just issued a summons for #Binance CEO Changpeng Zhao, just two days after SEC sued the exchange.

#Sui only has 1k daily active addresses, which is 15x lower than #Aptos and 275x lower than Solana.

Meanwhile, Sui has $9.4 billion in FDV, almost equivalent to Solana and Aptos.

Gary Gensler has been charged with market manipulation. #Coinbase provides evidence of Gary Gensler placing over $2.5m in BTC shorts just 48 hours ago.

Binance US announces they are halting all USD deposits.

Robinhood is ending support for Cardano, Polygon, and Solana on June 27th.

Robinhood has caved to Gensler and are going to literally market sell your $SOL, $ADA and $MATIC

This sell-off on alts is effectively US investors being forced to sell Altcoins. There is very little difference between the US and China. Both have effectively restricted their residents from trading crypto. Except, for now, the US still allow $BTC and $ETH.