The SEC filed a lawsuit in federal court in Washington D.C., making 13 accusations against Binance and Changpeng Zhao. Accordingly, the SEC accused Binance of inflating trading volumes, diverting customer funds, not restricting US customers from participating in the exchange, and misleading investors about market control and supervision measures.

In addition, the SEC also accused Binance and Changpeng Zhao of secretly controlling customer assets and diverting investor funds "at will".

On Twitter, Binance's account said that considering the facts, the law, and SEC precedent, the lawsuit is unreasonable.

But I believe Binance has enough potential and arguments to escape this accusation.

This is the time to buy the bottom if you have idle money.