It’s been just revealed that Binance CEO is worried about the fact that private ranting of the company’s employees could end up being released in court. This is definitely a violation of privacy, and we will address the matter below.
Binance CEO reveals huge warning
Binance CEO Changpeng ‘CZ’ Zhao warned his employees in an internal memo to mind their words — lest they end up in court for the world to see.
“Binance collaborates with investigators. The first thing they usually ask for is our chat logs. Anything you say can/will show up in a courtroom (or on the internet) one day,” Zhao wrote in a memo first obtained by Wu Blockchain.
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Evidence from SEC case against Binance including internal chat logs, first between Sam Lin (former compliance lead at Binance) and Alivn (previously head of BD)
First is their convo about equity bonuses where Sam talks about risks of holding BNB pic.twitter.com/96IfwJEUOT
— Adam Cochran (adamscochran.eth) (@adamscochran) June 7, 2023
As the online publication wrote, a Binance spokesperson confirmed the authenticity of the memo to The Block.
Zhao referenced one tweet that quoted now infamous chat logs cited by the U.S. Securities and Exchange Commission in a lawsuit it brought against crypto exchange earlier this week.
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Sam notes he feels the risk reward isn't balanced and that he wouldn't feel comfortable signing off on the OFAC compliance stuff if he was CCO (during a convo of trying to get an American lawyer to come on as CCO) pic.twitter.com/r51BZcCF2O
— Adam Cochran (adamscochran.eth) (@adamscochran) June 7, 2023
Binance in the news
According to the latest important reports, it seems that just a day after filing a 136-page complaint against Binance, the U.S. Securities and Exchange Commission (SEC) filed a motion for a temporary restraining order to freeze assets tied to the US arm of the world’s largest crypto exchange.
This week, on Monday, the SEC filed 13 charges against Binance and its CEO Changpeng Zhao over what the federal agency’s head, Gary Gensler, called “an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.”
