Binance, Binance.US and the SEC agreed to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
Binance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
Under the agreement, which still needs a sign-off from the federal judge overseeing the case, Binance.US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root access to Binance.US's Amazon Web Services tools, the filings showed.
The proposed agreement comes after the Securities and Exchange Commission sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator
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Binance, SEC agree to allow only US employees to access customer fundsBinance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
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