Essayer OR - Gratuit
BINANCE MISHANDLED FUNDS AND VIOLATED SECURITIES LAWS, ACCORDING TO SEC LAWSUIT
AppleMagazine
|AppleMagazine #606
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
-
Filed in the U.S. District Court for the District of Columbia, the Securities and Exchange Commission lawsuit this week lists thirteen charges against the firm - including commingling and divert customer assets to an entity Zhao owned called Sigma Chain.
Binance is a Cayman Islands limited liability company founded by Zhao and the charges are familiar to practices uncovered after the collapse of the second largest cryptocurrency exchange, FTX, last year.
The lawsuit lays out the extent to which the firms owners knew of the alleged legal violations: "Binance's CCO bluntly admitted to another Binance compliance officer in December 2018, "we are operating as a fking unlicensed securities exchange in the USA bro!"
Cette histoire est tirée de l'édition AppleMagazine #606 de AppleMagazine.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE AppleMagazine
AppleMagazine
META’S SMART GLASSES FACE PRIVACY SCRUTINY AS REGULATORS WEIGH COMPETITION AND SAFETY CONCERNS
Meta's RayBan smart glasses are drawing intensified examination from privacy and competition regulators in Europe and beyond, as policymakers reassess how wearable AI devices collect, process, and transmit data in public spaces.
2 mins
December 12, 2025
AppleMagazine
APPLE EXPANDS FITNESS+ WITH MULTILINGUAL AI FEATURES AND NEW GLOBAL MUSIC ADDITIONS
Apple is rolling out a new set of updates to Fitness+, adding Al-driven multilingual support, expanded dubbed workouts, and additional music collections that bring K-pop and other international genres into the service.
3 mins
December 12, 2025
AppleMagazine
NETFLIX REMOVES MOBILE CASTING SUPPORT ON NEWER SMART TV MODELS
Netflix has begun phasing out mobile casting support on newer smart TV models, altering how users send content from their phones to the Netflix app on select televisions.
3 mins
December 05, 2025
AppleMagazine
NVIDIA'S $2 BILLION SYNOPSYS PARTNERSHIP EXPANDS ITS ROLE ACROSS THE SEMICONDUCTOR DESIGN STACK
NVIDIA has deepened its position inside the chip-design ecosystem through a new $2 billion partnership with Synopsys, a move that folds advanced GPU acceleration and Al-driven automation into the software tools used by semiconductor companies to create next-generation processors.
5 mins
December 05, 2025
AppleMagazine
REPORT HIGHLIGHTS UNCERTAINTY AROUND RUMORED LINKS BETWEEN CHATGPT AND APPLE HEALTH
A recent wave of online speculation has suggested that Apple could be preparing deeper ties between ChatGPT and health-related features on its platforms, but new reporting indicates there is no clear evidence supporting those claims.
3 mins
December 05, 2025
AppleMagazine
OLDER TRACKS SET TO DOMINATE APPLE'S 2025 YEAR-END MUSIC LISTS AS INDUSTRY DYNAMICS SHIFT
Apple's upcoming year-end music rankings are expected to be led heavily by older tracks, reflecting a pattern reinforced across streaming platforms throughout 2025.
5 mins
December 05, 2025
AppleMagazine
NETFLIX PITCHES BUNDLE WITH HBO MAX AS “PRO-CONSUMER”
Netflix is telling regulators and counterparties that its proposed acquisition of Warner Bros Discovery's studios and streaming unit would lower streaming bills for many households by paving the way for a discounted Netflix-HBO Max bundle, according to people familiar with the talks.
5 mins
December 05, 2025
AppleMagazine
VALVE'S LONG-RUNNING ARM BET PUTS STEAM ON A PATH TOWARD PHONES, TABLETS, AND NEW MOBILE HARDWARE
Valve's recent hardware announcements placed most of the public focus on the Steam Machine revival, but a quieter detail embedded in the company’s new standalone VR headset points toward a far broader shift.
5 mins
December 05, 2025
AppleMagazine
UBER LAUNCHES ROBOTAXIS IN DALLAS THROUGH NEW PARTNERSHIP WITH AVRIDE
Uber has begun offering robotaxi rides in Dallas, introducing autonomous vehicles into its core ride-hailing service for the first time in the city.
3 mins
December 05, 2025
AppleMagazine
APPLE PREPARES FOUR NEW MACBOOK MODELS FOR 2026 AS ITS SILICON ROADMAP EXPANDS
Apple is preparing to introduce four new MacBook models in 2026, according to new reporting that outlines one of the company’s most extensive laptop refresh cycles since the start of the Apple Silicon transition.
4 mins
December 05, 2025
Translate
Change font size