Just-In: Binance CEO Refers SEC’s Chat Evidence In Internal Staff Letter

Binance News: Changpeng Zhao (CZ), CEO of Binance reportedly released an internal letter discussing the employee chat evidence revealed by the U.S. Securities and Exchange Commission (SEC). The commission has sued the world’s largest crypto exchange and its co-founder on 13 different civil charges.

Binance CEO Calls SEC’s Chat Reference “Absurd”

As per the report, Binance chief in the internal letter addressed the two tweets making rounds on the internet. The tweets mention a series of evidence presented by the commission in the Binance lawsuit to assert its claims.

CZ reportedly stated that the crypto exchange does not check employee chat records and called the U.S. SEC evidence referring to Binance’s employee chats absurd. Binance Chief highlighted the chat between Sam Lim, ex head of compliance for Binance, and Alivn, ex head of business development.

He added that this conversation was a personal complaint made by two employees around five years ago. However, the surfacing of this chat has done major damage to its reputation.

CZ Assures Cooperating In Investigation

Binance CEO assured the staff that the exchange is cooperating with the investigating authorities. He highlighted that the agencies ask for chat history during the inquiry and asked the employees to keep a check as anything they say could be used in court. Meanwhile, he added that the world’s largest crypto exchange doesn’t check their employees’ chats.

The report mentioned that CZ asked its employees to go and talk to their managers if they are not satisfied working at Binance. He further urged the staff to don’t waste their energy on things they don’t like as the company needs people who can remain committed to the exchange’s mission.

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