The U.S. Securities and Exchange Commission (SEC) followed up on its request in yesterday’s enforcement action, asking a federal judge to issue a temporary restraining order against the assets of Binance, Changpeng Zhao, and Binance.US, including cryptocurrencies, The Block reported. The SEC also asked a federal judge in Washington, D.C. to order the return of assets, expedite the discovery of documents, authorize the preservation of documents, enforce preservation of documents and prohibit the destruction of evidence, and appoint receivers for the assets of Binance, Binance.US and Changpeng Zhao.

The committee’s request for an asset freeze follows allegations that Changpeng Zhao and Binance executives diverted client funds into his own investment fund to be used at Zhao’s wishes, including the purchase of an $11 million yacht and the purchase of BUSD. The charges are similar to those against FTX, Alameda Research, and SBF, although Changpeng Zhao and Binance have only faced civil charges so far.
Earlier today, it was reported that the US SEC requested the court to approve the freezing of Binance US assets. Regarding this, Zhao Changpeng said that the asset freezing order only affects Binance US, and Binance.com will not be affected. #新闻frontier# #Content Star#