CFTC sues Binance over alleged breaking of trading and derivatives rules

The Commodity Futures Trading Commission (CFTC) Complaint Opposed to Binance over allegations of regulatory violations.

A civil lawsuit was filed in the Northern District of Illinois named Changpeng Zhao (CZ), Samuel Lim and three Binance companies.

Defendants alleged that they illegally facilitated the trading of commodities and derivative orders on behalf of U.S. citizens.

“Ask for and accept orders, accept property on margin, Operates facilities for trading futures, options, swaps and leveraged retail products Bitcoin (BTC), Ether (ETH), Litecoin (LTC) for Americans.“

Details will be described later.

The post in which the CFTC sued Binance was first posted on CryptoSlate for allegedly violating trading and derivatives rules.