Reading Time: < 1 min Cryptocurrency exchange FTX is seeking clawbacks from Bybit, alleging that the exchange facilitated illegal trades by FTX customers. Bybit has denied any wrongdoing, but Coinbase has warned its customers that they may be subpoenaed by the CFTC as part of an investigation into Bybit.
Reading Time: 2 min Binance, one of the world’s largest cryptocurrency exchanges, has responded to the lawsuit filed by the US Commodity Futures Trading Commission (CFTC), denying allegations that it violated derivatives trading rules. The lawsuit highlights the challenges faced by regulators in overseeing the rapidly evolving cryptocurrency industry, and the need for more robust regulation to protect consumers and the financial system. While Binance’s commitment to regulatory compliance is commendable, it is clear that more needs to be done to ensure consumer protection and the stability of the financial system in the cryptocurrency market.
Reading Time: 2 min The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, a major cryptocurrency exchange, alleging that the exchange violated derivatives trading rules by allowing US-based customers to trade without being registered with the agency. The lawsuit highlights the challenges that regulators face in overseeing the cryptocurrency industry, and the need for stricter regulation to protect consumers and the financial system from potential risks associated with cryptocurrency exchanges.
