Binance's $1.35 billion fine paid to the CFTC is the largest fine ever imposed by the regulatory agency.

According to BlockBeats news on November 22nd, CFTC Chairman Rostin Behnam stated at a press conference on Tuesday that Binance's actions "undermined the foundation of a safe and sound financial market," and the CFTC charged it $1.35 billion in transaction fees. This is the largest fine ever imposed by the regulatory agency. Rostin Behnam claimed that internal conversations among Binance CCO and others prove that Binance is aware that its platform is being used to facilitate criminal activities, including terrorism financing, but chooses to turn a blind eye for profit. "Binance and its leaders attempt to deceive and indoctrinate their employees and customers, building a cult-like following premised on evading their own compliance controls to maximize company profits above all else," he said. (CoinDesk)