Breaking: Binance and its founder were sued by U.S. regulators, who allege that the world's largest crypto exchange broke rules on futures and derivatives trading
Agency alleges crypto exchange’s operator offered unregistered futures, options contracts to U.S. tradersEric Lee for The Wall Street JournalThe Commodity Futures Trading Commission on Monday sued Binance Holdings Ltd., alleging the operator of the world’s largest cryptocurrency exchange violated U.S. rules that require futures and other derivatives to be traded on regulated platforms.
The CFTC’s lawsuit also named Binance founder Changpeng Zhao and Samuel Lim, who the agency said was Binance’s first chief compliance officer, as defendants. The lawsuit seeks restitution and fines as well as an order that would prevent the companies from any continuing conduct that violates U.S. rules.
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Binance and founder Changpeng Zhao sued by CFTC for allegedly violating trading rules
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