Binance made a statement on the SEC case by posting on its Twitter account today.
Binance stated on its Chinese Twitter account that it stands by its community and will continue to fight for crypto. The exchange continues to make statements and keep the community informed after its lawsuit with the SEC.
Binance: Together We Are Stronger
On June 7, cryptocurrency exchange Binance released a statement on Chinese social media platforms with the hashtag “StrongTogether” amid an ongoing lawsuit with the SEC. In its statement, the exchange stated that its wallet addresses are transparent, “never leak consumers’ funds” and have “no collateralized debt.”
币安始终与我们的社区在一起。行业团结，共同BUILD。#StrongTogether 💪#Binance #币安 pic.twitter.com/l3q7A2rVC3
— 币安Binance华语｜Web3钱包已上线 (@binancezh) June 7, 2023
It also stated that Binance does not make “large donations” to political candidates and does not give “major sponsorships” to entertainment and media outlets.
A translated version of Binance’s statement contained the following statements:
“Our community comes from many different races, ethnicities and faiths; We will continue to work for our users and the industry. We are different from others. We are Binance.”
While not specifically named, Binance has tried to point out that it is different from FTX, a cryptocurrency exchange that went bankrupt last year. FTX has faced charges including mismanaging assets and lending money to sister hedge fund Alameda Research. Stock exchange founder Sam Bankman-Fried is currently under house arrest on charges of electronic fraud.
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