The mysterious entity called Eeon seeks compensation from Binance and the U.S. SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 per day.
The SEC argued that just because it approves an S-1 filing from a company does not mean the firm is not operating or will not operate in “violation of the law.”
According to the U.S. crypto exchange, only regulators’ actions in California, New Jersey, South Carolina and Wisconsin require a pause in staking additional assets.