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Binance JUST Screwed Crypto! [Massive SEC Lawsuit] DANGER.

by crypetonews
June 5, 2023
in Videos
Reading Time: 2 mins read
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⚠️⚠️⚠️#binance #crypto #investing ⚠️⚠️⚠️

– 🚨 The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, accusing the world’s largest cryptocurrency exchange of operating an illegal trading platform in the U.S. and misusing customer funds.
– 💼 Binance’s founder and controlling shareholder, Changpeng Zhao, has also been named as a defendant in the SEC lawsuit. The SEC alleges that Binance and Zhao misused customer funds and engaged in fraudulent trading practices.
– 💰 Binance is accused of commingling billions of dollars in customer assets and sending them to a third-party entity owned by Zhao. The SEC claims that Binance concealed this activity.
– 📜 The SEC’s lawsuit asks for Binance’s assets to be frozen and the appointment of a receiver to track and preserve users’ assets.
– 📊 Binance’s challenges with U.S. regulators and law enforcement extend beyond the SEC lawsuit. The Commodity Futures Trading Commission (CFTC) has also accused Binance and Zhao of evading its rules, and Binance is facing a Justice Department investigation over its money laundering detection program.
– ⚖️ The lawsuit against Binance sheds light on the company’s profitability, revealing that it earned at least $11.6 billion in revenue between June 2018 and July 2021, primarily from transaction fees.
– 📉 The SEC alleges that Binance sold cryptocurrencies that should have complied with investor-protection rules, causing the value of BNB (Binance Coin) to fall over 7% following the announcement.
– 🌍 Binance’s global dominance in crypto trading is highlighted, with over 40% of all crypto trading taking place through the exchange.
– 🗓️ The SEC’s lawsuit against Binance is another example of U.S. regulators asserting jurisdiction over the crypto industry, and it adds to the SEC’s previous actions against Bittrex and Coinbase.
– 🔒 Binance has stated its intention to defend its platform vigorously, denying the allegations made by the SEC. Binance.US, the U.S. arm of the exchange, also intends to defend itself against the litigation.

📝Contact Information for Kevin & Liability Disclaimer:
This video is not a solicitation or personal financial advice. See the PPM at for more on HouseHack.

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Tags: Binancebinance newsbitcoin newsbitcoin news todaybitcoin prediction for todaycryptocrypto analysiscrypto news todaycrypto price predictioncrypto scamsdangerethereum newslatest metaverse newslatest nft projectsLawsuitMassivemetaverse newsnft news todayScrewedSEC
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BINANCE SUED BY THE SEC!!

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SEC Sues Cryptocurrency Exchange Binance Alleging Violations Of U.S. Securities Laws

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SEC Sues Cryptocurrency Exchange Binance Alleging Violations Of U.S. Securities Laws

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BREAKING NEWS: SEC Sues Binance & CEO CZ

BREAKING NEWS: SEC Sues Binance & CEO CZ

Comments 36

  1. Mike Rev says:
    3 years ago

    Anything on $Doge?

    Reply
  2. Chris Coffel says:
    3 years ago

    Please style your hair like this when there's bad economic news and comb it down when there's good news. There's a whole vibe here.

    Reply
  3. Corn Pop says:
    3 years ago

    Đogecoin is all that matters. It is the future galactic currency

    Reply
  4. BTC-Siferd says:
    3 years ago

    Bitcoin is not going anywhere. It's flushing out more leverage and bad actors just like last year.

    Reply
  5. daniel stevens says:
    3 years ago

    The lawsuit sounds like bs to me

    Reply
  6. daniel stevens says:
    3 years ago

    Sec need to stay the he'll out our stuff

    Reply
  7. 3rdeye Brand says:
    3 years ago

    🐻🩳🥂

    Reply
  8. Veronica Davidson says:
    3 years ago

    I'm here bae, and im going nowhere boo boo❤😉😋😎😍😘🙂🤗😇

    Reply
  9. 0x Contractor says:
    3 years ago

    You work for the government kev? Just earned yourself an unsubscribe for spreading so much crypto fud.

    Reply
  10. Gero Nimo says:
    3 years ago

    Who did cut your hairs? Binance as well ??

    Reply
  11. Andrew says:
    3 years ago

    If Etherium just (poorly) copied Cardano's base layer, then either Cardano should not be listed, or Etherium should be. Shady AF

    Reply
  12. ColoradoSkiLife says:
    3 years ago

    Sec retaliation for ftx .. this goes deep. Xrp making gensler look like an ape. This is timed distraction

    Reply
  13. mikedosegaming says:
    3 years ago

    Hi Kevin, Can you make a video on XRP vs SEC, pros and cons. Thanks

    Reply
  14. Jtunes says:
    3 years ago

    Nice hair 🧑‍🦱

    Reply
  15. jeff rucks says:
    3 years ago

    Cancel crapto

    Reply
  16. Onitaz says:
    3 years ago

    Binance provides huge utility, US is missing out and I don’t trust the SEC

    Reply
  17. Mark Smith says:
    3 years ago

    Im shocked they didnt name eth…i wonder what the story is there

    Reply
  18. BillN9n says:
    3 years ago

    Beard beard 🧔

    Reply
  19. Levi Christian says:
    3 years ago

    $EVAX Going to go up higher in HUGE parabolic moves

    Reply
  20. Tiago Ramos says:
    3 years ago

    🙏

    Reply
  21. SuperScalper says:
    3 years ago

    Bitcoin to $0.000001337 hehe

    Reply
  22. Paul den Boef says:
    3 years ago

    Kevin, did FTX pay you to poop on Binance again? 🤔

    Reply
  23. Tony Steel says:
    3 years ago

    The market is very unstable and there is no telling whether it will be bearish or bullish. I advise you all to forget about predictions and make a good profit now, because future reviews are purely speculation and conjecture. If these reports are bullish, marginalize some of them. When the news turns bearish, start buying. "Keep it simple simple," that bear/correction was the best thing that could have happened to me. But many thanks to Mrs. Kevin Mary for her amazing skills that helped me earn 13.6 Btc through trading charts. I think we are in the spring phase…

    Reply
  24. Kelsie Graham says:
    3 years ago

    Wow, this video really hit the nail on the head when it comes to discussing the current price fluctuations in the crypto market. As someone who's been trading for a while now, I can definitely relate to the points made in this video. However, I have to give credit where credit is due and say that my success in crypto trading wouldn't be possible without the guidance of my trader Kerry Pickett. Kerry has been able to help me navigate the ups and downs of the market, and I'm grateful to say that I've seen significant growth in my investments since working with him. In fact, Kerry was able to turn my 2 BTC investment into 7 BTC in just two weeks! with just following his signals.If you're serious about making money in crypto, I highly recommend reaching out to Kerry and seeing how he can help you too.

    Reply
  25. Ghøst Data says:
    3 years ago

    Just like are government Who dosen't understand gender, the SEC doesn't understand crypto jk its probably because of china is letting Hong-Kong. People invest so the us is like fuck

    Reply
  26. Dro Nazarian says:
    3 years ago

    What’s up with the evil scientist hair style ? 😂

    Reply
  27. StinkingRocket says:
    3 years ago

    Bruh, you growing skeezy lawyer hair?

    Reply
  28. Chad Long says:
    3 years ago

    Just in. Kevin just screwed up his hair

    Reply
  29. Ghøst Data says:
    3 years ago

    Kevin the CIA is not a terrorist organization come on, do better

    Reply
  30. Dialectical Monist says:
    3 years ago

    "They are coming for you"

    Ok but…

    Who is "you"?

    Reply
  31. Joyce Koch says:
    3 years ago

    Stable coins are called Krugerrands.

    Reply
  32. Shamz says:
    3 years ago

    So Kevin who would be a better choice? Fidelity and Bank of America? These same tokens named by the SEC are being used and bought by the same financial organizations talking to Gensler.

    Reply
  33. Crypto Archie says:
    3 years ago

    AXIE was a scam?

    Reply
  34. Vinodkumar Etacheri says:
    3 years ago

    SEC is screwing crypto, not Binance.

    Reply
  35. Mr Cooper says:
    3 years ago

    When will they call out Digibyte?? Never

    Reply
  36. Marco Prevedello says:
    3 years ago

    I will be forever grateful to you, you changed my whole life and I continue to preach on your behalf for the whole world to hear that with just a small investment you saved me from a large debt. Thank you Mrs. Kellen Sanches.

    Reply

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