Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations

Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars

Binance, the world’s largest crypto exchange by volume; its CEO Changpeng Zhao; and Chief Compliance Officer Samuel Lim, are being sued by the U.S. Commodity Futures and Trading Commission, according to a filing on Monday. The company, Zhao, Lim are being sued for allegedly breaking trading and derivatives rules. The exchange has never registered with […]

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