Changpeng Zhao denies Binance.US ever used Ceffu to custody funds, contradicting court filings

Binance CEO Changpeng Zhao (CZ) has denied that its U.S. subsidiary, Binance.US, ever used Ceffu or Binance Custody for custodial services. Zhao made this statement in response to the Securities and Exchange Commission’s (SEC) request to investigate potential fund movement violations by the embattled subsidiary of his exchange. The financial …

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