Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 2

Ceffu Denies SEC Charges, Claims No Custody Services for Binance.US

[Copy link]

28

Threads

18

Posts

292

Credits

Intermediate member

Rank: 3Rank: 3

Credits
292
Post time 22-9-2023 11:48:43 | Show all posts |Read mode
On September 17th, according to an official announcement, Ceffu, the cryptocurrency custodian and partner of Binance, stated that the SEC claimed in documents submitted on September 14th that Ceffu provided third-party "wallet custody software and support services" to BAM. Ceffu strongly opposes this claim. As a custodial technology service provider under Ceffu Holdings, Ceffu is committed to providing digital asset custody solutions to institutional clients in specific jurisdictions, excluding the United States and other areas. Furthermore, Ceffu's operations and services are completely independent of BAM and BHL. Previously, on September 15th, according to CoinDesk, Binance.US was accused of not cooperating with the U.S. SEC's investigation, with the SEC stating that the company's pledging, settlement, and brokerage services violated federal securities regulations. The U.S. federal regulatory agency expressed concerns that Binance.US used Ceffu to provide custodial services, violating a previous agreement, and fearing that user assets would be transferred overseas.
Reply

Use magic Report

568

Threads

598

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
12713
Post time 22-9-2023 12:42:08 | Show all posts
Wallets typically choose ones that they can trust.
Reply

Use magic Report

270

Threads

1658

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
10093
Post time 22-9-2023 15:56:07 | Show all posts
You still need to choose a wallet with strong capabilities for trading.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list