Binance CEO CZ Secretly Accessed $400 Million User Funds: Reuters Report

Binance US Funds: In what could be yet another setback for crypto exchange Binance and its CEO ‘CZ’, latest reports suggest CZ secretly had access to $400 million worth funds supposedly believed to belong to Binance US users. This could prove to be fatal for Binance if proven to be true as the US Securities and Exchange Commission (SEC) is already tightening rules around user asset custodian services. The allegations of bank transfers from accounts belonging to Binance US follows the SEC’s restrictions of the BUSD stablecoin recently.