Cryptocurrency markets, which have been on an upward trend for some time, have turned upside down again. About Changpeng Zhao, nicknamed CZ, the founder of Binance, the world’s largest cryptocurrency exchange, in the US. lawsuit filed. With the announcement of the news of the lawsuit, there was a small drop in Bitcoin. It is not known what will come out of the bottom of the case, but investors have already panic they entered.

US Commodity Futures Trading Commission (CFTC) accuses Binance and CZ on multiple counts. These charges include “taking and making off-the-charts futures”, “offering unauthorized commodity options”, “failing to register with the regulator for futures and other services”, “failing to audit”, “money laundering (AML) ) and compliance (KYC)”. )”, “not being transparent to investors” and “illegal evasion”. Comment; US Binance under control to hold it We can say that he opened such a case.

What does CZ say about these allegations?

Binance’s Changpeng Zhao from the official blog He shared a post on the subject. This post completely rejected the claims made by the CFTC. The subjects of CZ, who submitted separate statements for all charges, were as follows:

• There is no other exchange that uses better and more secure systems than Binance. Our KYC program is for all users obliged.
• Binance is cooperating with law enforcement in both the US and other countries. As a result of a detailed assessment of 55,000 requests received in 2022 $125 million We have achieved a freeze/confiscation of the fund.
• Binance worldwide most registered/ is the licensed company.
• Under no circumstances does Binance trade cryptocurrencies for profit do not. We offer cryptocurrency income and we need to convert them. We monitor to prevent our affiliates from achieving high profit margins.
• For our employees 90-day rule has. A Binance employee who wants to invest can only trade a cryptocurrency after 90 days.

CZ: I have two Binance accounts!

CZ wasn’t just talking about Binance. Binance boss, who also made statements about himself, is on Binance have two accounts announced. Saying that one of them is Binance Card and the other is for storing cryptocurrency investments, CZ says he converts cryptocurrency for spending. “Even though we’re not perfect we usually hold it to a higher standard than required by current regulations.“CZ ended his speech by thanking Binance users.

The latest situation in Bitcoin is as follows:

Looking at Coinmarketcap’s data, we see that Bitcoin (BTC) was charged before Binance and CZ. 28 thousand dollars We see you pushing the level up. BTC, which has experienced a sharp drop to the $26,000 level with the news service, is now Just over $27,000 watching. We continue to monitor developments in the cryptocurrency world.