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CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip

On Monday, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against cryptocurrency exchange Binance and its CEO, Changpeng Zhao, accusing them of violating trading and derivatives rules.

This news caused a drop in the value of the two largest cryptocurrencies, Bitcoin and Ethereum. Bitcoin fell 3.3% to $26,800, while Ethereum stumbled 2.9% to under $1,700. This situation is still developing and updates are expected.

(By André Beganski)

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