Reported by Tony “The Bull”

Detractors in the past claimed the company is being led by a “walking time bomb” and now, a top former SEC official is warning customers to “get out” of the exchange “now.”

Binance’s global business practices have come under scrutiny in recent months, as have several other top crypto firms, including Coinbase, Kraken, and more. However, none are catching the attention of John Reed Stark, former chief of the SEC Office of Internet Enforcement, quite the same way.

Stark has tweeted a novel’s worth of “red flags” he has found related to Binance. The list includes a slew of allegations, “mystery” surrounding the company’s headquarters, possible charges of criminal misconduct, and much more. 

If there ever were issues at Binance that resulted in an FTX-like disaster, there would be far more casualties.

Read full report: https://bitcoinist.com/former-sec-senior-official-warns-exit-binance-now/amp/