Binance has responded to the SEC's demand to freeze their funds.
The SEC has requested the freezing of the exchange's assets, accusing CZ of misappropriating client funds, allegedly using them to purchase an $11 million yacht and supporting BUSD.
CZ stated that only the assets of Binance US can be frozen, and only if authorized by a court. This will have no impact on Binance itself.
Binance US has reassured that user assets remain safe, and the platform continues to operate normally.
