Binance’s regulatory woes have now expanded to the US, in what could be its worst regulatory showdown until now. A recent report from Bloomberg highlighted that the US Commodity Futures Trading Commission (CFTC) is now looking into the crypto exchange on allegations of possible insider trading and market manipulation.
U.S. authorities are examining possible insider trading and market manipulation at cryptocurrency exchange Binance https://t.co/qFg9aA5kzG
— Bloomberg Crypto (@crypto) September 17, 2021
Earlier reports of the CFTC investigation in the first quarter were dismissed as regular interaction between the authorities and the exchange, while CZ deemed it as a FUD. It is also important to note that the crypto exchange runs an independent subsidiary in the form of Binance.US, but the authorities are reportedly investigating the global platform Binance Holdings.
The investigators are checking whether executives 0f the crypto exchange made profits based on insider information i
Źródło: https://coingape.com/breaking-binance-reportedly-under-cftc-investigation-for-insider-trading/
