US CFTC Chair on Binance Hack Incident: Hopes Relevant Trading Platforms Can Register with the CFTC

BlockBeats news, October 30 - According to CNBC, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), in an interview discussing the Binance theft incident, stated that he hopes to provide federal-level options for such trading platforms, enabling them to register with the CFTC.

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CZ: When assessing the impact of a theft, one should not only look at the dollar amount; the key lies in whether the platform can fully bear the loss.

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US CFTC Chair on Binance Hack Incident: Hopes Relevant Trading Platforms Can Register with the CFTC

A newly created wallet withdrew 68,773 SOL, approximately $6.65 million, from a CEX.

BlackRock transferred 37,470 ETH to Coinbase Prime, worth approximately $83.3 million.

'Machi' liquidated, then recharged $250,000 to go long, with total long positions valued at approximately $5.88 million.

Intel hit by another pre-market sell-off, profitable whale further increases short position by $4.5 million