SEC urges expedited discovery in Binance case; cites 'mass exodus' of US executives who may have key information

• The U.S. Securities and Exchange Commission (SEC) has acknowledged that several key executives have left Binance.US.
• The SEC emphasizes the need for discovery into issues regarding the custody, control, and availability of customer funds.
• The SEC has filed charges against Binance, Binance.US, and related companies, primarily affecting Binance's U.S. operations.
• The SEC has sought a consent order against Binance.US to restrict the movement of its funds, leading to the halt of U.S. dollar transfers.

The article highlights the SEC's concerns about the departure of key executives from Binance.US and the need for further investigation into the company's handling of customer funds. The sentiment is negative, indicating potential issues and regulatory scrutiny.