CFTC action on Binance U.S. Over Possible Insider Trading and Market Manipulation
According to a report, CFTC will investigate whether Binance US is making profit from their clients through market manipulation or not.
Recently US regulators raised their issues on the Binance exchange and Binance market limited. But regulators find that there is no control of Binance exchange On BML, as per evidence reports. But now Binance’s independent affiliated Exchange “Binance US ” is under allegation of manipulation.
Read also: Now Binance if free from the radar of U.K’s Regulators
Bloomberg published a report today, and claimed that the Commodity Futures Trading Commission (CFTC) of the US expanded its probe against Binance US under the allegation of insider trading.
According to a Bloomberg report, CFTC authorities will investigate and take suitable action to figure out whether Binance US is involved in insider trading and taking profit from their customers through market manipulation.
After this news, one of Binance US representative stated that Binance AS follows strict standards and doesn’t allow any kind of activities which can harm their customers. And also they are following all the possible best rules so that they can sustain their reputation in market.
This is not the first time, when insider trading allegation raised against Binance. Before this a person, on twitter, claimed that he have many evidence videos and audio clips which proved that Binance exchange manipulate the market to make money, later he deleted his tweet and Binance ceo said that they can take action on such kind of activities or fake allegation.
Read also: Former chief of Russian crypto exchange arrested
