How do you know Binance hasn't stolen anyone's money? Is there a reputable auditor's statement to that effect? Seems very unlikely when Binance pretends they're not even headquartered in any jurisdiction. Nobody has any idea about Binance's actual money flows and where customer funds have actually ended up.
We don't. But by the same token, these are just allegations so far.
It is interesting however, the SEC purportedly has tons of evidence of wrongdoing at these exchanges but completely missed FTX which was a massive fraud. Color me skeptical, it's almost like they are saving face for missing FTX. FTX was even regulated to some extent -- I remember you were able to buy tokenized versions of US stocks on there.
> How do you know Binance hasn't stolen anyone's money?
In America you are presumed innocent until proven guilty. Therefore, under our legal system, Binance.US is presumed to not have stolen anyone's money until the SEC passes the burden of proving guilt beyond a reasonable doubt.
That's what everyone thought about FTX too. "Why wouldn't they be legit, they're hanging out with members of Congress and obviously making a lot of money."
