Wednesday, February 26, 2025
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SEC Accuses Binance of Commingling User Funds and Other Malpractices, Designates MATIC, SOL, Others as Securities

According to the SEC in a recent lawsuit, Binance deliberately broke several rules and secretly funneled customer funds via a separate entity. The US Securities and Exchange Commission (SEC) has slammed Binance with a lawsuit for varying malpractices. In addition to accusing Binance of mishandling customers’ funds, the commission’s lawsuit also

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Solana (SOL), Cardano (ADA) and Polygon (MATIC) Lead Cryptocurrency Crash After SEC Suit Against Binance and CZ

Among the allegations are that the exchange offered a number of unregistered securities to the general public, among them not just Binance’s BNB token and its BUSD stablecoin, but also Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI), Algorand (ALGO), Filecoin (FIL), Cosmos (ATOM), Sandbox (AXS) and Decentraland (MANA). Source

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