The American affiliate of the world's largest crypto exchange faces risks to its business that may hurt its plan to buy the assets of bankrupt crypto lender Voyager Digital, according to securities regulators.

Those risks, including regulatory investigations of Binance.US, haven't been fully disclosed to customers, the Securities and Exchange Commission said in a court filing on 22 February. Other legal risks may affect Binance.US's ability to move customer assets from Voyager's platform to its own exchange, the SEC wrote in its filing.