Binance CEO Changpeng Zhao (CZ) has issued a warning to employees regarding their internal communications, according to reports, following a lawsuit from the U.S. Securities and Exchange Commission (SEC) on Monday.

“Everything you say could end up in court (or on the internet) one day,” he wrote employees according to a translated copy of a memo seen by Odaily Planet Daily on Thursday.

The executive’s warning follows the SEC’s recent leak of screenshotted chat logs between employees, including the company’s former compliance lead “Sam Lim” and Head of Business Development “Alvin.” 

During their conversations, the employees privately discussed “dumping” their BNB tokens before they tanked, and glibly admitted to “operating an unlicensed securities exchange”—much in line with the SEC’s allegations against Binance.

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Author: Andrew Throuvalas

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