The article alleges that at least one of the offshore companies was commingling customer funds, which Binance denies. I'm no finance guy, but that seems like a

The article alleges that at least one of the offshore companies was commingling customer funds, which Binance denies. I'm no finance guy, but that seems like a pretty easy allegation to back up if they've been deep into one of Binance's intermediary banks (which they have). The SEC has turned around 3 months after these banks collapsed and launched significant legal action against Binance and Coinbase, which says that what they found was serious enough to move really quickly against these guys. No idea what they found, but I have feeling we're all gonna be reading about it pretty soon.