Binance to repatriate US customer funds as legal woes mount ...Middle East

WASHINGTON: Binance has agreed to repatriate its US customers’ assets pending a massive lawsuit against the world’s largest crypto exchange, the US Securities and Exchange Commission said Saturday, adding that it will secure the funds.Binance and its boss Changpeng Zhao have “agreed to repatriate to the United States assets held for the benefit of customers of the Binance.US crypto trading platform,“ the SEC said in its statement.The regulator did not specify how many of Binance’s US customers are affected, nor the value represented by these funds.Earlier this month the SEC charged the crypto giant with securities law violations that it said amounted to “an extensive web of deception” and “c

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