Binance is the largest cryptocurrency platform in the world, but it has faced several legal problems in recent months.
The United States Securities and Exchange Commission (SEC) sued Binance and its CEO, Changpeng Zhao, for operating an unregistered stock exchange, misappropriating customer funds, and misleading investors and regulators.
The SEC asked a US court to freeze Binance's assets in that country, causing a drop in the price of some cryptocurrencies.
Additionally, Binance was also sued by the US Commodity Futures Trading Commission (CFTC) for operating an illegal exchange and a fake compliance program, and was investigated by the US Department of Justice for suspicions of money laundering. money and sanctions violations.
These legal conflicts have generated uncertainty and concern among Binance users, who have withdrawn amounts of money from their accounts much higher than usual. Some Latin American countries, such as Venezuela, have also reported problems accessing the platform or carrying out transactions with Binance.
Binance has denied the SEC's allegations and said it is cooperating with authorities and complying with regulatory standards. However, Binance's future remains uncertain as it could face further lawsuits or sanctions in other countries where it operates.
