(Reuters) – Cryptocurrency trade Binance has not bought bitcoin or its native token, firm CEO Changpeng Zhao tweeted on Tuesday.
Final week, Binance was sued by the US Securities and Change Fee, which listed 13 costs in opposition to Zhao and its supposedly impartial US trade operator.
Lawsuits in opposition to Binance and Coinbase (NASDAQ: ) World have raised fears that the cryptocurrency market’s ordeal may drag on after a string of downturns within the sector, together with the chapter of Binance’s greatest rival FTX final 12 months.
Binance Coin has misplaced greater than 20% in worth because the SEC motion.
