US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Cointelegraph
Published Mar 30, 2023 07:09PM ET
Updated Mar 30, 2023 07:20PM ET
Our weekly roundup of news from East Asia curates the industrys most important developments.
On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that despite the exchange’s public position of banning U.S. users, internal documents suggest that at least 20% to 30% of the exchange’s traffic came from U.S. customers. That equates to almost three million alleged U.S. users by mid-2020.
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Written By: Cointelegraph
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