Is Binance a threat to the CFTC?

The CFTC alleged that Binance violated federal law to solicit U.S. users for millions in revenue, a potentially existential threat to the exchange. Binance, its CEO Changpeng Zhao, and its former compliance officer, Samuel Lim, are all named in the complaint.

Is Binance violating US rules on futures trading?

The 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.

What is Binance's Cryptocurrency Recovery Fund?

The CEO of the largest online exchange for trading cryptocurrency, Binance, said he is establishing a recovery fund to help people in the industry, while saying the sector “will be fine.”

Did Binance's founder and former Chief Compliance Officer work together?

In a suit filed in a Chicago federal court, the Commodity Futures Trading Commission said Binance’s founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, worked together to attract trading customers who were based in the United States despite the fact that Binance did not have permission to operate in the country.