According to court filings dated September 15, attorneys for the plaintiff, the U.S. Securities and Exchange Commission (SEC), filed a motion to lift the injunction or withdraw their previous motion to suppress documents in the lawsuit against Binance.
In particular, the list included department documents related to the “Motion for Compulsion and Other Relief,” as well as the “Opposition to Binance.US’ Motion for a Protective Order.”
SEC lawyers argue that the presence of confidential materials in the Binance case significantly delays the trial and consideration of the regulator’s claim. SEC lawyers also accused the Binance exchange of refusing to cooperate with the investigation and expressed concern that “about 220 documents that were submitted by the exchange consisted of incomprehensible screenshots and documents without dates or signatures.”
According to the SEC legal service, the exchange is in a rather difficult position. This is signaled by the mass departure of Binance’s top managers, including the CEO of the US division, the head of the legal department and a risk specialist.
Source: Bits
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