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Hyperliquid24h $39.71-4.76%

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Bitcoin Cash24h $447.67-0.11%

CFTC lawsuit against Binance claims CZ traded against users

The CFTC has sued Binance and CZ for failure to register, AML failures, illegal derivatives, and allowing US-based people to use it.

Chinese users appear to bypass Binance KYC thanks to help from Binance

Binance employees and volunteers allegedly explained to mainland Chinese users in great detail how to avoid Binance KYC/AML checks.

According to reports, $400 million was moved from Binance US’s account at Silvergate bank to CZ-controlled Merit Peak.

Justin Sun and CZ control several Chinese crypto exchanges, and their close relationship has been mutually beneficial for years.

As relations between Binance and FTX, two of the crypto space’s biggest players continue to deteriorate, we look at how things got this bad.