.binance and cz_binance are strengthening their legal team, hinting at preparations for a looming criminal lawsuit
knowingly sidestepped regulatory oversight, jeopardizing investor assets in the pursuit of its own enrichment.
The main point of the SEC's case is the claim that Binance and its CEO, Zhao, secretly ran their U.S. business. This supposedly allowed rich American customers to dodge rules that were meant to limit their access, effectively avoiding U.S. laws. On top of this, Binance and Zhao are accused of illegally selling their own digital currencies like BNB and Binance USD , as well as other crypto-related products.
Stark's tweet suggests that the hiring of high-profile defense attorneys like Canellos indicates that Binance is bracing for a significant legal battle. With his tongue-in-cheek reference to the combined powers of superheroes Ironman, Captain America, and the Hulk being potentially inadequate to rescue Binance from its current legal predicament, Stark paints a picture of a high-stakes battle ahead.
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