Binance Sued by US Watchdog for Alleged Derivatives Rule Lapses

<a href="https:&#x2F;&#x2F;archive.is&#x2F;yEGqQ" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;yEGqQ</a><p>This is literally the entire article:<p>Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking trading and derivatives rules.<p>The CFTC filed the lawsuit Monday in federal court in Chicago.

The complaint is very damning. They have receipts showing that the CEO directed the company to set up a sham compliance department to evade restrictions and sanctions. Also there&#x27;s all the historic fraud and market manipulation. Hard to see them survive this.

OG Text: <a href="https:&#x2F;&#x2F;www.cftc.gov&#x2F;PressRoom&#x2F;PressReleases&#x2F;8680-23" rel="nofollow">https:&#x2F;&#x2F;www.cftc.gov&#x2F;PressRoom&#x2F;PressReleases&#x2F;8680-23</a>

Discussion:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=35327996" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=35327996</a>