SEC’s Secret Binance Court Filing Has Observers Bracing for Bad News

A new secret court filing related to Binance, the crypto exchange that already faces U.S. accusations of wrongdoing, has some wondering whether more bad news is about to hit the industry giant.

On Monday, in the court docket for its case against Binance, the Securities and Exchange Commission submitted a sealed motion, which lets it file sensitive or confidential information without revealing the contents publicly.

The motion included more than 35 exhibits, a declaration from Jennifer Farer (an SEC trial attorney) and a proposed order.

A spokesperson for Binance did not immediately respond to a request for comment by CoinDesk.

Source: SEC’s Secret Binance Court Filing Has Observers Bracing for Bad News