Binance still using Ethereum account suspected of commingling funds
Binance is apparently still using the Ethereum account that it was accused of using to commingle clients’ funds . The exchange was indicted by the Securities and Exchange Commission (SEC) earlier this month and was accused of commingling funds into accounts at Changpeng Zhao (CZ)-controlled entities Sigma Chain and Merit Peak. The account was first mentioned in public by journalist Mike Burgersburg, better known to Twitter users as “Dirty Bubble Media.” On Tuesday, the account received approximately $7 million in Tether and 299,999 Uniswap tokens worth around $1.3 million from two separate Binance.com accounts. Transaction data on Etherscan shows that hours later, all of these funds were sent to Binance US accounts. The account has been used to transfer funds from Binance.com to Binance US ever since it was created in August last year and has moved somewhere in the region of $1.4 billion to date. SEC lawsuit: What’s next for Binance? Read more: SEC claims Binanc...