Binance Token BNB Falls 6% after CFTC Files Suit
Technologie Binance Token BNB Falls 6% after CFTC Files Suit Il y a 56 secondes Nouvelles Bitcoin Ethereum The native digital asset of the worlds largest exchange is facing significant sell-side pressure after the US commodities regulator announced legal action against Binance and its CEO. The CFTC filed suit against the exchange and CEO Changpeng Zhao for allegedly violating trading and derivatives laws. Binances former chief compliance officer, Samuel Lim, is also named as a defendant in the suit. Zhao said in a statement late Monday he disagrees with the “characterization of many of the issues” alleged in the CFTCs complaint. A spokesperson told Blockworks the company has made “significant investments” to ensure it did not have US users active on its platform — from boosting compliance staff to implementing market surveillance and investigative tools. Binances BNB token — the utility of which is derived from reducing fees on the exchange — fell more than 6.2% on Monday to $308, the hardest hit among the top 20 cryptos by market value. BNB is the fourth-largest crypto by total market capitalization with a value of $48.7 billion, Blockworks Research data shows. Marché plus large Other exchange tokens have fared better. Rival exchange Huobi‘s native token (HT) was down 3%, as of 7:30 p.m.