Adam Cochran: "Private correspondence of Binance employees can be used by the SEC in court"

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Adam Cochran reported that in a series of evidence accompanying the SEC's lawsuit against Binance, the agency relied on the private opinions of exchange employees and transcripts of their chats.

Crypto investor and partner of a venture companyCinneamhain Ventures (CEHV) Adam Cochran tweeted his observations that the US Securities and Exchange Commission (SEC) may be using private communications from Binance employees in gathering evidence.

Cochran did not say how the SEC obtained transcripts of office chats, but expressed concern that this information could be interpreted by the court not in favor of Binance.

According to Cochran's statement, the SEC submitted tothe court transcript of the conversation, which talks about unblocking transactions of users from the United States. Exchange employees discussed how to proceed so that US users could use foreign KYC, and the system would ignore their IP addresses.

In addition, in his tweets Cochran citespart of the correspondence of senior Binance employees who discussed the causes and consequences of the fall of the exchange’s own crypto asset BNB, as well as the possibilities of circumventing the prohibitive measures of US regulators for operating without a license.

Commenting on the leak of proprietary information and a series of tweets from Cochran, the head of the Binance exchange, Chanpen Zhao, addressed employees and asked them to be restrained in personal correspondence.

“I want to remind everyone that Binancecooperates with the investigation, and, as a rule, investigative authorities request our chat history. So remember that everything you say may end up in court someday. It's ridiculous for the SEC to use this information as an argument, but let our lawyers take care of that. More importantly, if you are not satisfied with your job at Binance, you should talk to your manager and seriously consider your future career options. Don’t waste your energy and your life on things you don’t like,” Zhao wrote.

Earlier, SEC Chairman Gary Gensler compared the cryptocurrency market to the stock market of the 1920s, infested with scammers and manipulators.