The US Securities and Exchange Commission (SEC) is asking the courts for permission to track down Binance CEO Changpeng Zhao in an “alternative” way.
In a new court filing, the SEC Asks District of Columbia court to obtain permission to freeze the assets of companies operating in the name of Binance.US: BAM Trading and BAM Management, as well as the ability to serve Binance CEO Changpeng Zhao via unspecified unconventional methods.
The SEC says in the document that it wants to “exercise its equitable authority” to “return and freeze” the assets of BAM Management and BAM Trading and compel companies to provide complete accounting information and to refrain from concealing or destroying any relevant documents.
Moreover, the regulatory agency is also seeking court permission to serve Binance and Zhao “through alternative means,” though it is unclear what exactly that means.
Earlier this month, the Securities and Exchange Commission (SEC) sued Binance for allegedly violating securities laws. A day later, it filed a lawsuit against Coinbase on similar grounds and also filed a motion to freeze the assets of BAM Trading and BAM Management.
Plaintiff (‘SEC’) is requested by this Court to issue a temporary restraining order: Freezing the assets (known and unknown) of Defendant BAM Management US Holdings Inc. (“BAM Management”) and BAM Trading Services Inc. (“BAM Management”) “BAM Trading”) (collectively “BAM”).
In the original complaint against Binance, SEC Chairman Gary Gensler said the company was being sued for “a vast web of deception, conflict of interest, non-disclosure, and calculated evasion of the law.”
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