Binance and founder Changpeng Zhao sued by CFTC for allegedly violating trading rules

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Binance and founder Changpeng Zhao sued by CFTC for allegedly violating trading rules
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The CEO of the largest online exchange for trading cryptocurrency, Binance, said he is establishing a recovery fund to help people in the industry, while saying the sector "will be fine.

The CEO of the largest online exchange for trading cryptocurrency, Binance, said he is establishing a recovery fund to help people in the industry, while saying the sector "will be fine."The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance and its co-founder, Changpeng Zhao, in Illinois federal court Monday, alleging that Binance actively solicited U.S.

Zhao and his former top compliance officer, Samuel Lim, allegedly "actively cultivated lucrative and commercially important 'VIP' customers, including institutional customers, located in the United States," the complaint said.

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