Binance.US Clashes with SEC in Ongoing Probe: Denies Use of Ceffu

<p>Changpeng "CZ" Zhao, the CEO and
Co-Founder of Binance, has refuted claims that Binance.US utilized custody
software provided by its international counterpart, Binance Holdings Ltd (BHL),
which was later rebranded as Ceffu. </p><p>This denial has put CZ at odds with prior statements
made by lawyers representing Binance.US in an ongoing investigation by the SEC.
The SEC is currently embroiled in a probe focused on ensuring that assets held
by the U.S. branch of Binance do not find their way overseas.</p><p>In a post on X (formerly Twitter), CZ firmly
asserted, "For the record, Binance.US does not use, and have NEVER used
Ceffu or Binance Custody." This statement contradicts the narrative put forth
by Binance.US's legal team, who had previously acknowledged the use of custody
software provided by BHL and marketed as Ceffu, according to a report by
Coindesk.</p><blockquote><p lang="en" dir="ltr">For the record. Binance US does not use, and have NEVER used Ceffu or Binance Custody.You can't just make this stuff up.