Binance Files for Dismissal of CFTC Lawsuit
Binance crypto exchange and its CEO, Changpeng “CZ” Zhao, are once again challenging the Commodity Futures Trading Commission (CFTC) of the United States. They have filed documents seeking dismissal of a lawsuit filed by the regulator in March. Binance’s attorneys questioned the CFTC’s global regulatory scope in a 23 October filing with the U.S. District […]
Binance Visa Debit Card Discontinued in Europe Due to Regulation
Due to regulatory scrutiny and cost-cutting , Binance Visa debit card services in Europe will be discontinued. Existing cardholders may continue to use their cards until December 20, per BBG. According to reports, Binance will discontinue its Visa debit card service in Europe. The decision comes as Binance faces intensifying regulatory scrutiny and withdrawals from […]
CFTC Orders Defunct Mirror Trading International to Pay $1.7B Fine
The Commodity Futures Trading Commission (CFTC) announced on September 7 that the US District Court for the Western District of Texas has ordered defunct Mirror Trading International (MTI) to pay $1.7 billion in restitution to victims for operating a fraudulent scheme. The CFTC noted that MTI and its CEO, Cornelius Steynberg, were involved in an […]
CFTC Reportedly Set to Sue Celsius and Mashinsky
The CFTC has reportedly found evidence that the crypto lender and its former CEO violated its rules by deceiving customers about the risks and returns of its products. According to a Bloomberg report , citing sources familiar with the matter, the Commodity Futures Trading Commission (CFTC) has concluded that Celsius Network and its former CEO, […]
Mango Markets Hacker Sets to Stand Trial in December
Avraham Eisenberg, the crypto user responsible for a multimillion-dollar attack on the decentralized exchange Mango Markets is scheduled to face trial on December 4 in the United States. Judge Richard Berman of the U.S. District Court for the Southern District of New York set Avraham Eisenberg’s trial date for December 4, according to court documents […]