Binance CEO denies market manipulation and faces CFTC allegations.
TL;DR Summary
Binance CEO Changpeng 'CZ' Zhao has denied allegations of market manipulation made by the Commodities Futures and Trading Commission (CFTC) in a recent complaint. CZ argued that Binance "does not trade for profit or 'manipulate' the market under any circumstances." He also stated that Binance has developed "best-in-class" technology to ensure compliance and currently has more than 750 people working to ensure their business operates within the bounds of anti-money laundering (AML) and know your client (KYC) laws.
- Breaking: Binance CEO CZ rejects allegations of market manipulation Cointelegraph
- Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges CNBC
- Why Bitcoin Cash Is Nosediving Benzinga
- The CFTC Comes for Binance Bloomberg
- The US case against Binance calls out one of the worst-kept secrets in crypto CNN
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