Crypto giant Binance charged with violating US trading and derivatives laws
Add Binance to the list of crypto heavyweights facing serious legal trouble. The Commodity Futures Trading Commission hasBinance, founder Changpeng Zhao and former compliance chief Samuel Lim with allegedly violating both the agency's regulations and the Commodity Exchange Act.
Zhao directed much of the rulebreaking himself, the CFTC claims, and there are reportedly chats and emails as evidence. Lim, who left Binance in 2022, is accused of knowingly aiding in the scheme. Among other things, he purportedly encouraged American users to mask trades through a VPN and even create new accounts through shell companies. The activity indicates that Binance's compliance mechanisms"have been a sham," CFTC chief counsel Gretchen Lowe says.
The Commission hopes to permanently ban Binance's registration and trading. It also hopes to levy fines and make the firm disgorge its gains. There's no estimated financial penalty. We've asked Binance for comment and will let you know if we hear back. The company has historically defended itself against accusations. Zhao's brand is also facing a Securities and Exchange Commission
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance Build — Mar 24, 2023 | Binance BlogOur fourth BinanceBuild blog just dropped! Catch up on everything we've been up to for the past two weeks including: 🔸 The 2023 Ramadan Events Calendar 🔸 Trading tags 🔸 Increased trading data There's more ⤵️
Leer más »
Binance Opens a Regional Hub in Georgia | Binance BlogBinance opens a new regional hub in Georgia 🇬🇪 Through this brand-new Web3 outpost, we aim to boost talent acquisition, promote blockchain education, and accelerate crypto adoption in the region. More details here ⤵️
Leer más »
Feds sue crypto giant Binance and founder Changpeng ZhaoThe lawsuit claims Binance helped US traders use its platform.
Leer más »
Crypto exchange Binance launches new regional hub in GeorgiaBinance cryptocurrency exchange Binance is expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia.
Leer más »
Crypto Exchange Binance and CEO Changpeng Zhao Sued by CFTC Over Regulatory ViolationsJUST IN: The CFTC has filed suit against leading crypto exchange binance and its CEO cz_binance. The price of bitcoin is plunging on the news. oknightcrypto reports
Leer más »
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance SuitBitcoin and shares of crypto-linked companies slid after the CFTC sued Binance. sheldonreback reports.
Leer más »