The CFTC filed a lawsuit against the world’s largest crypto exchange by trading volume on Monday morning. Binance and its CEO Changpeng Zhao, otherwise known as CZ, allegedly violated trading and derivatives rules, per the regulator’s filing. Given the platform’s size, having hosted more than $5.7 billion in volume over the last day, both Bitcoin and Ethereum immediately dropped points. As for CZ, his only response thus far has been “4,” which is his way of telling people to “Ignore FUD, fake news, attacks, etc.” about Binance.
Get smarter with this AI investing assistant. Magnifi Personal is an AI-powered investing assistant that makes investing as simple as texting. Benzinga rated the app 4.5 / 5 stars and users can try it for free for 7 days.
