Amid SEC's Freeze Attempt, Binance.US Affirms User Funds' Security

Binance.US, a U.S.-based cryptocurrency exchange, has reassured its users that their assets are safe and secure following an emergency motion filed by the U.S. Securities and Exchange Commission (SEC). The SEC sought a temporary restraining order against Binance, Binance.US, and Binance CEO Changpeng Zhao, requesting actions such as freezing assets and repatriating funds held for U.S. customers. Binance.US criticized the motion, calling it unwarranted and suggesting it was an attempt to gain an advantage in litigation. The exchange remains fully operational, and the SEC's motion is yet to receive approval from a district judge.