Key Points:
In the letter, CZ mentioned two tweets, one of which was posted by Adam Cochran. The tweet showcased a range of evidence used by the Securities and Exchange Commission (SEC) in the lawsuit against Binance, including chat logs of Binance employees.
CZ said that the SEC’s behavior of using employee chats as evidence is “absurd.”
“In tough times, let’s keep our heads down and keep building products people use. While we may still see other chat logs of disgruntled employees ranting or other things we (or I) were not careful with saying in the past, they will also find that we continue to hold ourselves to a high ethical standard and, most importantly, we have always gone above and beyond to protect our users,” the letter wrote.
“If you are not satisfied with working at Binance (or any company), you should talk to your manager and seriously consider career options. Don’t waste energy and life on things you don’t like because you won’t do well, ” he added.
In addition, CZ said that Binance will still adhere to high ethical standards and will always spare no effort to protect users. During tough times, keep your head down and keep building products that people use.
The SEC lawsuit, filed in federal court in Washington, D.C. on Monday, included 13 counts against Binance, Zhao, and the operator of its ostensibly independent U.S. exchange.
According to the SEC, Binance falsely inflated its trading volumes, misappropriated client money, neglected to ban US consumers from its platform, and deceived investors about its market surveillance mechanisms.
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Harold
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