Binance CEO Changpeng Zhao (CZ) has issued a warning to employees regarding their internal communications, according to reports, following a lawsuit from the U.S. Securities and Exchange Commission (SEC) on Monday. The CEO clarified that he does not look at employee conversations and that it was his first time seeing those logs. “It's ridiculous for the SEC to use this as a poster, but we'll let the lawyers take care of it,” he added. The translated memo on Odaily also shows Zhao saying that employees "not satisfied working at Binance" should "seriously consider" their career options. On Thursday, CZ denied SEC claims that Binance had redirected billions of dollars in customer funds from Binance and Binance US to his own company, Merit Peak.

Source: The Nation June 08, 2023 22:03 UTC