The Most Striking Claims in The CFTC’s Lawsuit Against Binance
- Regulator alleges ‘calculated’ race to grow, at rules’ expense
- ‘We see the bad, but we close 2 eyes,’ it cites in chat
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The top US derivatives regulator’s lawsuit against crypto giant Binance Holdings Ltd. and Chief Executive Officer Changpeng Zhao hammers at the company’s alleged concealment of rules violations in a breakneck pursuit of growth.
As the Commodity Futures Trading Commission goes after the world’s biggest cryptocurrency exchange — in the wake of FTX’s collapse and amid a banking crisis in which crypto figures — here are some of the most striking allegations and details from its suit, which also includes claims of willfully ignoring potential criminal activity.