Bitcoin Hits Low Following Report Binance And CZ Sued By CFTC Over Regulatory Violations

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Go back to Bitcoin Hits Low Following Report Binance And CZ Sued By CFTC Over Regulatory Violations

Binance sued by the CFTC over 'willful evasion' of US federal law

March 27, 2023 12:06 PM EDT

Bitcoin and other cryptos tumbled Monday after the largest cryptocurrency exchange in the world, Binance, was sued by the US Commodity Futures Trading Commission.

The regulator is suing Binance and its Chief Executive Officer Changpeng Zhao, commonly known as CZ, for allegedly breaking trading and derivatives rules. The lawsuit was filed by the CFTC on Monday in federal court in Chicago.

At the time of writing, Bitcoin is trading... More