Binance Sees Surge of Withdrawals After CFTC Lawsuit

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Binance Sees Surge of Withdrawals After CFTC Lawsuit Binance, the world’s largest crypto exchange by trading volume, just can’t catch a break. With one arm, the exchange is trying to slap away the grabbing hands of lawmakers and regulators. With Binance’s other arm, it beckons to its customers and investors, pleading with them to keep on putting their crypto in its care, despite the regulatory war drums growing louder in the background. This past Monday, the Commodity Futures Trading Commission sued Binance, saying both the company and its executives actively “disregarded applicable federal laws” in the U.S. while trying to...