The exchange also began suffering fiat gateway issues immediately after an SEC lawsuit was announced.
USDT-based trading pairs, paused its over-the-counter trading portal, and limited the maximum trade amount of its buy, sell, and convert services to $10,000.
In addition, according to its support page, Binance.US wire deposits were stated as"temporarily unavailable," while withdrawals are"functioning normally." However, the exchange also stated that U.S. dollar-based payment methods, including debit cards, Apple Pay, and Google Pay, were also temporarily available for some users due to"channel switching."Aside from funding issues, investors were also stirred by a U.S.
On June 5, the SEC sued Binance, alleging the operations of an unregistered exchange in the U.S. along with the sale of unregistered securities. The commission also accused the exchange of"commingling" and"diverting" investors' funds. Changpeng Zhao, CEO of Binance,
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