SEC Investigates Binance.US for Possible Fraud: Report

The U.S. Securities and Exchange Commission (SEC) is reportedly still investigating Binance.US for potential fraud, specifically looking for evidence of a backdoor that could have allowed the exchange to control customer assets similar to FTX. Binance.US attorney Matthew Laroche has requested a federal judge to consider ending the SEC's investigation, citing the lack of evidence of asset misuse and the significant financial impact on Binance.US. Meanwhile, Binance and its CEO, CZ, have agreed to plead guilty to breaking U.S. anti-money laundering laws in a separate case. The judge has asked both parties to resolve the dispute and provide an update by December 15.