Binance Sees $772M Outflows in 24 Hours Following CFTC Lawsuit, While Binance US Sees Inflows
Binance clients withdrew over $772 million from the exchange in the past 24 hours following the Commodity Futures Trading Commission's (CFTC) lawsuit alleging that Binance had violated its derivatives regulations in the United States by offering these services without registering with it.
Binance Execs Used Signal, Discussed Hamas Funds, Told Customers How to Use VPNs: CFTC Filing
The US Commodities and Futures Trade Commission (CFTC) has filed charges against Binance, alleging that the leading crypto exchange went against regulations to serve US-based customers and that its executives engaged in wrongdoing. The CFTC highlighted Binance executives' use of the messaging application Signal, which allowed them to delete records of discussions of incriminating activity. The regulator also pointed to Binance's ties to illegal activity and the company's advice to customers on how to bypass its geofencing measures by using a virtual private network. Binance has denied many of the allegations and has only addressed employee trading on its platform. (cryptoslate)
CFTC Commissioner Johnson Supports Complaint Alleging Binance Violated Commodity Exchange Act and Evaded US Regulation
The Commission will seek to prevent actors from obscuring regulated activity beneath a shroud created by a complex web of corporate entities.
Binance Sees $218 Million in Outflows Following CFTC Lawsuit
Binance, the world’s largest cryptocurrency exchange, has reportedly experienced $218 million in outflows since the US Commodity Futures Trading Commission (CFTC) announced its lawsuit against the exchange.
Binance CEO Disputes CFTC Lawsuit Allegations
Binance CEO Changpeng Zhao has disputed the allegations made against the cryptocurrency exchange by the US Commodity Futures Trading Commission (CFTC).
Crypto Morning Briefing: Justin Sun’s US Fraud Charges Could Hamper Huobi’s License Application in Hong Kong
CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip; Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia; Dogecoin To Get Upgrade Release Packed With New Features and Enhancements
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.
Breaking: U.S. CFTC Sues Binance And CEO CZ For Violating Regulations; BNB Price Set To Crash?
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges, and its CEO, Changpeng Zhao (CZ), over alleged regulatory violations. The CFTC alleges that Binance facilitated trading of derivatives without registering with the agency, which is a violation of federal law.
CFTC Sues Binance Over Alleged Breaking of Trading and Derivatives Rules
The Commodity Futures Trading Commission (CFTC) has sued Binance, one of the world's largest cryptocurrency exchanges, over allegations of breaking trading and derivatives rules. The article notes that the CFTC has accused Binance of allowing U.S. residents to trade derivatives without registering with the agency, which is a violation of federal law.
CFTC Charges Binance and Its Founder, Changpeng Zhao, With Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange
In its continuing litigation against the defendants, the agency seeks disgorgement, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the CEA and CFTC regulations, as charged.
