Tron founder Justin Sun sent a message of support to Zhao following the lawsuit filed against the Binance exchange. "As your friend, I know that you are an honest and honest person," Sun said, "and as your friends, we will always be by your side and offer our unwavering support." he used his expressions.
The SEC's allegations, which have filed a lawsuit against Binance, the world's largest cryptocurrency exchange, on 13 separate charges, have placed Binance's activities and CZ's role at the center of a legal investigation. In the SEC filing, the SEC accused Binance and Zhao of violating U.S. securities laws.
The institution claimed that the world's largest cryptocurrency exchange did not separate billions of dollars of customer funds from its own company reserves and secretly transferred them to a separate company controlled by Zhao. Among the Decriminalizations; operating unregistered exchanges, brokerage houses and clearing institutions; Binance.US violations of various securities laws, such as misrepresenting trading controls and supervision on its platform, offering and selling unregistered investment contracts, are included.
While criticism was expressed regarding the SEC's unilateral and independent path in the legal process, Binance stated that the institution refused to cooperate in this process and did not provide the necessary clarity to the digital asset industry.
After the news of the case, which threw the cryptocurrency market into a panic, messages of support were received to the Binance CEO from the leading names of the sector, as well as the crypto community.
Full support to CZ from Justin Sun
TRON founder Justin Sun expressed his confidence in CZ and his belief in his integrity, appreciating his contribution to the progress of Binance. He stated that he has full confidence in his ability and ethical values. Expressing that Zhao has strong leadership and decision-making skills, Sun noted that he is by her side in overcoming this challenge.
”As your friend, I know that you are an honest and honest person," Sun said, adding that he believes that Zhao will manage the litigation process in accordance with legal requirements and take the necessary steps to solve the problem. Sun ended his sentences as follows:
“As your friends, we will always be by your side, offering our unwavering support and encouragement. We believe that justice will be served and we will face this challenge together. Stay strong and brave, believe in your abilities. We will support you, wish you well and overcome this obstacle together. We wish you the best and wish you to come out of this situation unscathed.” #Binance #czbinance #sec #BTC #crypto
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