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Binance Hack Renews CFTC Chair’s Push for US Oversight of Offshore Exchanges
- •Chair Michael Selig said the roughly $6.4 billion theft supports crypto-market rules proposed by the CFTC this month.
- •He proposed allowing offshore exchanges to register with the CFTC and meet US cybersecurity standards.
- •Binance said investigators found additional breach points, complicating its initial account of a compromised engineer’s laptop.
- •Binance set aside $6.34 billion to cover losses and said users’ assets are safe; the Secret Service and FBI opened an investigation. TRM Labs and Chainalysis linked the theft to North Korea’s TraderTraitor group.
By Decrypt Staff
