Radix Trading, a Chicago-based quant trading firm, is one of three firms being sued by Binance, one of the world's largest cryptocurrency exchanges. The lawsuit alleges that the firms engaged in market manipulation and other fraudulent activities, and seeks damages and other relief.
The lawsuit is part of a broader effort by regulators and law enforcement agencies around the world to address concerns and risks related to financial crime and market manipulation in the cryptocurrency industry. The lawsuit highlights the need for greater transparency and accountability in the industry, as well as the need for effective and fair regulatory frameworks that protect against financial crime and other risks.
(By Stephen Alpher)
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