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Federal Judge Approves Settlement Between CFTC and Binance
Summary: Judge Manish Shah from the U.S. District Court for the Northern District of Illinois approved a settlement between Binance and the Commodity Futures Trading Commission (CFTC), according to a statement released by the CFTC. Under the settlement, Changpeng Zhao will have to pay $150 million, one-third of which will have to be paid within the next ...
Judge Manish Shah from the U.S. District Court for the Northern District of Illinois approved a settlement between Binance and the Commodity Futures Trading Commission (CFTC), according to a statement released by the CFTC.
Under the settlement, Changpeng Zhao will have to pay $150 million, one-third of which will have to be paid within the next 30 days. Binance will have to pay a $2.7 billion penalty to the CFTC.
Author: Katie Lin
Tags: Binance,CFTC,Changpeng Zhao,Commodity Futures Trading Commission,Manish Shah,settlement
Link: Federal Judge Approves Settlement Between CFTC and Binance [Copy]
