on the situation, stating that the unfolding events were"not surprising ." Stark's comment suggests that he anticipated the regulatory scrutiny and the subsequent fallout, including the resignation of top executives, as a predictable outcome given Binance's alleged activities.
This predicament follows closely behind a stringent legal action initiated against Binance and Zhao by the Securities and Exchange Commission just a month ago. The accusations raised by the regulatory body encompass the running of unlicensed securities trading platforms, unauthorized sales of crypto asset securities and alleged fraudulent activities.
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