您现在的位置是:CFTC probes Binance over possible insider trading >>正文
CFTC probes Binance over possible insider trading
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛41353人已围观
简介The Commodity Futures Trading Commission (CFTC) alleges that some of the staff at the exchange may h...
The Commodity Futures Trading Commission (CFTC) alleges that some of the staff at the exchange may have taken advantage of users
The world's largest crypto exchange is once again under the spotlight, this time over allegations of possible insider trading and actions to manipulate the market. Bloombergreported the matter on Friday, citing persons in the know who claimed the exchange was being probed by the US Commodity Futures Trading Commission for possible customer exploitation.
A spokesperson from Binance responded to Bloombergon the allegations saying the firm has a zero-tolerance policy on insider trading. The spokesperson also said the exchange takes immediate action against persons involved in such activities, with offenders facing the minimum punishment of immediate termination.
It should be noted that the CFTC has not officially established any charges against Binance. The Bloombergreport categorically suggested that the commission had only been talking to potential witnesses. There is a possibility that the investigations may not result in any legal action.
Binance has faced previous investigations by other government bodies in the US over money laundering accusations and tax fraud. The exchange was previously under investigation by the CTFC for possibly having allowed US users to trade derivatives. The latest action by the commission appears to have emerged from the same probe.
The cryptocurrency entity is taking heat from all corners, considering that the platform faces potential legal action from a group of investors. The investors claim to have incurred severe damages due to a May outage stemming from a technical issue. The 'glitch' affected customers' ability to flex their positions which meant that they were faced with forced liquidation at a time of high market volatility.
In response, Binance had offered restitution covering between 10% and 30% of the losses, but not all users took up the offer. Some joined together to reject the compensation and are now seeking damages worth $20 million.
All legal actions against Binance have been complicated further by the fact that the exchange lacks an established centre of operations. As such, it is not specifically tied to any jurisdiction where users can take legal action. However, Binance CEO Changpeng Zhao signalled last week that the exchange plans to establish a defined headquarters and streamline the company structure.
Last month, another crypto exchange that has been under investigation, BitMEX, reached an agreement with the CFTC and the Financial Crimes Enforcement Network (FinCEN) to pay a $100 million penalty. The settlement followed a civil suit filed by the CFTC in October 2020 over unregistered operation, money laundering accusations and violation of CTFC regulations. BitMEX, however, did not admit to any wrongdoing.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/667257.html
相关文章
10 Best Cryptocurrencies to Day Trade in 2022
CFTC probes Binance over possible insider tradingCryptocurrency trading is a common activity these days. Indeed, it is estimated that cryptocurrencie...
阅读更多
Ethereum price bullish near $2,400
CFTC probes Binance over possible insider tradingETH price against the US dollar jumped to its highest level yet, touching highs of $2,402.Ether&rsqu...
阅读更多
Shiba Inu could surge by 35% despite bearish sentiment in the market
CFTC probes Binance over possible insider tradingShiba Inu (SHIB) has been recovering from the massive sell-off in crypto over the last few days. The...
阅读更多
热门文章
- ETH Average Value Transaction Plateaus As Bitcoin’s Rise
- The development of Digital Euro will take a while
- IRD Asks Crypto Firms to Share Details of Investors
- Chinese scientists engineer giant magnesium parts for cheaper, lighter cars
- Atari Launching Its Crypto Token In November
- Waste to wings: Twelve eyes clean, sustainable air travel
最新文章
This autonomous robot rolls to its destination and flies over obstacles
Foreign intelligence are trying to steal US space secrets
KuCoin announces $150 million capital raise.
ECB executive board member seeks more stringent measures for the crypto sector
BAYC NFTs prices fall for 6 consecutive days as crypto market crash turns into a crisis
Ukraine's central bank bans use of UAH in crypto purchases