Binance CEO Denies Ceffu Allegations, But Court Documents Contradict His Claims

Key Points:

• Binance CEO CZ denies using Ceffu for Binance US funds, but court documents contradict his statement.
• Binance quietly rebranded in an attempt to divert attention from the matter.

Binance CEO CZ faces allegations of lying regarding Binance US and Ceffu. Court documents contradict his denial, raising concerns.

According to a recent tweet by WhaleWire, CZ Binance, the CEO of Binance, has once again faced allegations of lying. This time, he denies that Binance US was using Binance Holdings Limited, also known as Ceffu, to custody their funds.

However, court documents submitted by CZ’s own lawyer contradict his denial. It has been revealed that Binance quietly rebranded to Ceffu in an attempt to divert attention from this matter, which raises concerns.

Previously, CoinCu reported on the legal issues between Binance.US and the United States Securities and Exchange Commission (SEC). CZ took to social media to clarify that Binance US has never used Ceffu or Binance Custody. However, the latest filing by the SEC contradicts Binance’s claims, stating that Ceffu is indeed “Binance-related.”

The SEC opposes Binance’s request for a protective order against their investigation, deeming it meritless. In June, the SEC filed a lawsuit against Binance.US, Binance Holdings, and CZ, accusing them of operating an unlicensed securities exchange.

Additionally, Binance CEO Changpeng ‘CZ’ Zhao has reportedly refuted that he borrowed $250 million from BAM Management, asserting that the information is incorrect.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.