The Binance liquidation scandal is taking another turn. American regulators, recently alerted to the situation, could initiate an in-depth audit of the platform. A resounding event that recalls the beginnings of the collapse of FTX.
Crypto Lawyer Demands SEC Audit of Binance
In an unexpected twist, Binance, a major crypto player, finds itself at the center of a major controversy.
Prominent crypto attorney John Reed Stark appealed to the Securities and Exchange Commission (SEC) as well as the Financial Industry Regulatory Authority (FINRA) yesterday, urging them to move quickly to fully investigate the situation. current Binance.
This initiative stems from the sudden suspension of SEPA transfers by the platform, thus causing a shock wave within the crypto community.
Reacting without delay to the suspension of EU withdrawals, John Reed Stark declared on Twitter :
“The SEC and FINRA should immediately send a team of auditors, inspectors, and reviewers to investigate what happened and, if necessary, refer the matter to the SEC Enforcement Division or even the DOJ. Oh wait, Binance is not registered. Nevermind. Warning Emptor.”
This announcement had an immediate impact on the price of BNB. Indeed, in the past 24 hours, BNB has suffered a drop of more than 4%, reaching its lowest level in a year, at $208.
Recall that Binance is facing a scandal related to the liquidation of its loan on Venus, a case that is generating heated debate within the crypto community. In addition, the exchange has taken the decision to withdraw from several European Union countries in recent months, the latest example being its withdrawal from the United Kingdom.
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