What happened to Binance?

With assistance by Olga Kharif and Misyrlena Egkolfopoulou The US Securities and Exchange Commission failed on Monday to convince a federal magistrate judge to immediately let officials delve into Binance.US’s software, a setback for the Wall Street regulator in its case against the crypto-trading platform.

Can Binance buy Voyager?

Binance.USCan Buy Voyager After Judge Spurns Regulators (1) Under its bankruptcy plan, Voyager has the option of selling itself to Binance.US or liquidating its assets and distributing the money to creditors. Wiles gave the company permission to do either after four days of contentious bankruptcy hearings.

Does Binance have control over customer assets?

The regulator says it is needed to ensure that the American platform has control over customer assets while the litigation plays out. The SEC and Binance.US reached an agreement to not completely freeze the company’s assets after the regulator sued the firm.

Did the SEC freeze Binance?

The SEC and Binance.US reached an agreement to not completely freeze the company’s assets after the regulator sued the firm. As part of that deal, Binance.US can only spend money to cover the costs of running its business. Since then, the SEC has complained it hasn’t gotten necessary documents, or been able to depose critical witnesses.