CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange Other enforcement

CFTC release 8680-23 · 2023-03-27 · view on cftc.gov ↗

Key facts

Release number: 8680-23
Release date: 2023-03-27
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8680-23

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.