Odaily News The U.S. Securities and Exchange Commission (SEC) is still looking for evidence to find out whether Binance and its founder CZ have a backdoor to control assets stored on the Binance.US platform. The U.S. Securities and Exchange Commission sued Binance and Binance.US in June, accusing them of operating illegal exchanges, and its lawsuit has so far relied on the agency’s concerns that Binance could misappropriate U.S. crypto assets in an FTX-style fraud. Binance and CZ pleaded guilty last week to criminal charges and largely resolved a long-running U.S. investigation related to anti-money laundering controls and compliance with sanctions laws, but the Justice Department case did not include allegations that Binance misused its customers’ crypto assets. (WSJ)