Binance CEO Changpeng Zhao also said that he has not yet taken the $250 million that he loaned to BAM Management back.
In a post, Zhao shared a screenshot of the report and said that the outlet “got the direction wrong.” According to the Binance CEO, the loan was the other way around. He explained in the X post that he was the one who gave BAM Management $250 million as a loan and claimed that he had not yet taken it back.
The Binance executive also implied in the post that there is a lot of “wrong information” in the report. However, Zhao did not further specify what other details of the report were inaccurate.Amid its legal battle with Binance, the SEC has claimed repeatedly that it has been struggling to extract information from Binance and Binance.US since the start of the lawsuit.
. However, in a recent hearing to discuss the SEC’s motion, a judge said that he wasn’t “inclined to allow the inspection” at the moment.
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