CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent Contradiction

BAM “depends on pockets custody software program developed by BHL to take care of the digital asset wallets that maintain a lot of its clients’ belongings,” mentioned a Sept. 12 courtroom submitting by Binance.US, which is looking for to shake off SEC prices it operated an unregistered crypto trade, including that when the corporate later “discovered that BHL was planning to market the software program commercially below the identify ‘Ceffu,’ it adopted the identify as a shorthand reference to the software program, together with in correspondence with the SEC.”